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7.3

Shell forecasts record refining margins of $42/bbl on global fuel shortages

Shell projects Q3 refining margins of $42 per barrel, nearly double Q2's $24, driven by record fuel prices amid global shortages from war-damaged refineries in the Middle East and Russia. This signals sustained tightness in refined product markets, with implications for inflation and energy security.

Guardian Worldabout 11 hours agoGB, RU, SA, IRengCredibility 28%View source

Score Breakdown

Mosaic Score7.3
Model confidence0.9
Significance0.8
Source credibility0.3

Intelligence Tags

#refining#margins#fuel shortages#shell#energy prices

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