Shell expects refineries to almost double the profit from every barrel of fuel made
What the 2 sources said
“Shell expects refineries to almost double the profit from every barrel of fuel made”
Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia Shell’s refineries are expected to make almost double the profit from every barrel of fuel produced owing to record prices caused by shortages around the world. In a market trading update on Wednesday, the energy supermajor forecast profit margins of $42 a barrel in the July to September period, far above the $24 a barrel of the second quarter and the previous high of about $28 in…
Read at The Guardian – World“Shell refineries forecast to make double the profit from every barrel of fuel”
Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia Shell’s refineries are expected to make almost double the profit from every barrel of fuel produced owing to record prices caused by shortages around the world. In a market trading update on Wednesday, the energy supermajor forecast profit margins of $42 a barrel in the July to September period, far above the $24 a barrel of the second quarter and the previous high of about $28 in…
Read at The Guardian – UKWhat the reports add
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