Shell Expects Massive Refining Margin Jump as Iran War Pushes Fuel Prices Higher | RA1N

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Shell expects its third-quarter refining margin to hit a record $42 a barrel, up sharply from $24 in the previous quarter, as disruptions to global fuel supplies drive prices higher. Reuters Senior Corporate Energy Correspondent Stephanie Kelly explains how the Iran conflict, pressure on supplies and low stockpiles are boosting refining margins and potentially benefiting major oil companies with large trading operations. For more details, watch our story and subscribe to our channel, DRM News. Shell, Shell refining margins, Shell profits, refining margins, oil prices, crude oil, diesel prices, Iran war, Iran conflict, Strait of Hormuz, oil majors, Big Oil, energy markets, fuel prices, global oil market, oil industry, energy crisis, oil trading, refinery profits, Stephanie Kelly #Shell #Oil #Refining #RefiningMargins #IranWar #OilPrices #Diesel #Energy #BigOil #StraitOfHormuz #FuelPrices #EnergyMarkets #OilIndustry #EnergyCrisis Shell Expects Massive Refining Margin Jump as Iran War

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