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via finance.yahoo.comBusiness & Companies

Europe's fuel squeeze turns into Q3 windfall for Equinor

FROM THE WIRE · FINANCE.YAHOO.COM

Equinor expects its marketing, midstream, and processing (MMP) division to have earned more than the company's guidance of $400 million for the third quarter, thanks to very strong refining margins and high proceeds from oil and LNG trading. The Norwegian major and other energy…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEquinor expects MMP division to exceed $400 million guidance in Q3 due to strong refining margins and high oil and LNG prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Equinor's MMP division expected to exceed $400 million guidance in Q3.
  2. 02Unusually strong European refining margins and LNG trading optimization expected to contribute positively.
  3. 03Average Dated Brent price for quarter was $97 per barrel.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Equinor ASAEQNRStock43.01 USDMarket closedtoday +1.56%Positive Crude Oil WTICOMMODITY:WTICommodity90.13 USD+0.39%today +0.77%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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