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Shell (SHEL.L)
Oil major Shell warned that third-quarter refining profit margins were set to be much lower than the previous quarter, in an update note published on Monday ahead of results due to be released on 31 October.
Shell said it expected indicative refining margins of $5.50 (£4.19) a barrel for the three months to the end of September, down from $7.70 a barrel in the previous quarter.
This comes amid a slowdown in oil demand, with economic headwinds in major economies such as China...
>>> Read more: Trending tickers: Shell, BP, Pfizer, Rio Tinto and SMIC
Oil major Shell warned that third-quarter refining profit margins were set to be much lower than the previous quarter, in an update note published on Monday ahead of results due to be released on 31 October.
Shell said it expected indicative refining margins of $5.50 (£4.19) a barrel for the three months to the end of September, down from $7.70 a barrel in the previous quarter.
This comes amid a slowdown in oil demand, with economic headwinds in major economies such as China...
>>> Read more: Trending tickers: Shell, BP, Pfizer, Rio Tinto and SMIC
