Shell Raises Its Third Quarter Gas Output Forecast
- On Wednesday, October 7, 2026, Shell updated its third-quarter outlook, citing the $16.4 billion acquisition of Canadian energy company ARC Resources, which completed on September 2, 2026.
- Integrated gas production is now expected to reach 740,000 to 780,000 boed, significantly exceeding the previously forecasted range of 570,000 to 630,000 boed from earlier guidance.
- Shell forecasts refining margins to reach $42 per barrel for the third quarter, a significant increase from $24 per barrel in the second quarter of 2026.
- Middle East conflict continues to damage Qatar's output, while disruptions through the Strait of Hormuz have pushed up wholesale energy prices since late February.
- Management noted this outlook reflects the current economic environment, with a company-compiled consensus managed by Vara Research expected to be published on October 21, 2026.
48 Articles
48 Articles
Shell benefits from the tight supply of gasoline and diesel: within a quarter, the energy company's refinery margin jumps up by 75 percent. The reasons are the Iran war and attacks on Russian energy plants.
Reformatorisch Dagblad
Oil and gas company Shell has achieved record results in oil refining. The price difference between crude oil and refined products, such as fuels like diesel and petrol, was never as large as in the third quarter. The British company is benefiting from the scarcity caused by the Iran War and Ukrainian attacks on refineries in Russia, which led to a Russian export ban on petrol and diesel.
Shell plans to record a record margin of refinement in the third quarter balance sheet, driven by volatility in the markets resulting from the conflicts in the Middle East and by severe tightening in the global supply of fuels. Exclusive material for subscribers. To have full access, access the link of the material and register.
Coverage Details
Bias Distribution
- 35% of the sources lean Left, 34% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
