Shell updates its yearly forecasts as impact of Iran war hits

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleShell has revised its integrated gas production forecast upwards for the second quarter, driven by surging crude oil costs boosting its trading operations. Despite this improved outlook, the energy giant expects a sharp decline in integrated gas production for Q2 compared to Q1. This reduction is primarily due to the ongoing conflict in the Middle East, which has impacted output from Qatar, including the Pearl GTL site being offline since March. Shell anticipates trading results in its chemicals and products unit to align with the previous quarter's strong performance, with gas trading expected to be 'significantly higher'. While Shell's shares have been affected by oil prices returning to pre-war levels, higher refining margins offer hope for shareholder dividends. In fullShell boosted by oil price spike due to Iran war — but gas production takes a hitMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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