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via finance.yahoo.comMarkets

Shell refining margins reach record highs as wars hit supply

FROM THE WIRE · FINANCE.YAHOO.COM

Refiners unaffected by the Middle East conflict are benefiting from the tightening global supply of fuel products (Paul ELLIS) British energy giant Shell said Wednesday that its refining margins surged 75 percent in the third quarter compared with the second, as the Middle East…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishShell's refining margins hit record $42/barrel in Q3, driven by Middle East and Ukraine conflicts tightening global fuel supply.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Shell's refining margins surged 75% in Q3 versus Q2, reaching $42 per barrel.
  2. 02This is a record high, exceeding the previous 2022 peak following Ukraine invasion.
  3. 03Middle East and Ukraine conflicts are tightening global refined fuel supply.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Shell plcSHELStock97.62 USDMarket closedtoday +1.14%Positive Crude Oil WTICOMMODITY:WTICommodity89.96 USD-0.20%today +0.58%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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