Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significantly higher in the second quarter than in the first quarter, the UK-based supermajor said in an update note on Tuesday, ahead of reporting detailed Q2 figures on July 30. …
The Iran war is affecting the trade in gas and oil. The British company Shell still expects strong trade and raises its forecast. A booming trade deal with liquefied petroleum gas is the key. The details.