Shell Refining Margins Hit Record High in Q3 on Middle East Conflict
Shell Plc expects to report record-high refining margins in the third quarter, driven by market volatility caused by the conflict in the Middle East and a global fuel supply squeeze.
Shell said it expects to report a record-high refining margin in the third quarter, with volatility linked to the conflict in the Middle East and a global supply squeeze across fuel markets. The London-based energy major said Wednesday that its refining margin marker i…