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Evening Standard
Evening Standard
Business
Mark Banham

REVEALED: Shell profits to take hit from gas trading margins | Rare Historical Photos

Shell

Shell has faced criticism over profits (Anna Gowthorpe/PA)

(Picture: PA Wire)

Unstoppable energy juggernaut Shell has warned investors that its third quarter profits will slip due to a hike in refining costs and the downturn in the gas trading market. 

The business said that its liquefied natural gas (LNG) trading in the period would be “significantly lower compared to the second quarter”  as a result of “seasonality and substantial differences between paper and physical realisation in a volatile and dislocated market.”

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