Shall predicts record refinery margins in Q3

Shell confirmed that refining margins in the third quarter rose to a record level of $42 per barrel, driven by higher energy prices resulting from the escalation in the conflict between the U.S. and Israel and Iran's closure of the Strait of Hormuz. This reflects the company's significant profits from trading activities in gas and petroleum products, which are expected to align with the previous quarter's record-breaking results. Additionally, Shell raised its integrated gas production forecast to between 740,000 and 780,000 barrels of oil equivalent per day. The company also acquired ARC Resources for $16.4 billion and anticipated liquefied natural gas (LNG) production in the third quarter to be between 7.2 and 7.6 million metric tons. Furthermore, Shell narrowed its outlook for upstream production, citing a notable decline in refinery operational rates due to the impacts of lower water levels in the Rhine River.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل