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Shell Q3 Results to Be Hit Versus Soaring Q2

ENERGY

Shell profits in Q3 have been pressured by a near halving in refinery margins for both products and pet chems as well as weaker natural gas trading.

  • Shell’s indicative refining margins dropped to $15 a barrel in Q3 compared with $28 a barrel in the previous three months.
  • Shells’ indicative margins for chemicals dropped to negative $27 per tonne in Q3 versus a positive $86 in the second quarter after global demand for plastics slumped.

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