Shell Expects Refining Profits to Nearly Double on Global Fuel Shortages
Published 4h ago · Latest report 3h ago
Shell projects record refining margins of forty-two dollars a barrel amid global fuel shortages.
Shell anticipates its third-quarter refining profit margins will nearly double to forty-two dollars per barrel, driven by worldwide fuel shortages and refinery shutdowns in the Middle East and Russia. The energy giant also upgraded its gas production outlook for the same period in a recent market update.
- Refining profit margins are projected to surge past the previous record of twenty-eight dollars set in mid-two thousand and twenty-two.
- Integrated gas production for the third quarter is expected to exceed earlier company guidance.
- Global fuel shortages stem largely from the closure of war-damaged refineries across Russia and the Middle East.
By the numbers
Why it matters
Energy companies have experienced volatile profit margins amid ongoing geopolitical conflicts and infrastructure disruptions affecting global petroleum supply chains.
What outlets agree on
Shell has announced an upward revision to its third-quarter refining profit margins and integrated gas production outlook.
In this story
Covered by 2 outlets
100% of the sources are Left
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- The GuardianShell expects refineries to almost double the profit from every barrel of fuel made3h ago · open ↗
- The IndependentShell upgrades gas production outlook and says refining profit margins to grow4h ago · open ↗
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