Shell reports second-highest profit on record refining margins
Shell Plc reported the second-highest profit in its history due to record oil refining margins caused by the Iran war and Russia-Ukraine conflict reducing global fuel-making capacity.
Original · Bloomberg AI summary of public reporting
Why: Geopolitical conflicts reduce fuel capacity → record refining margins
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At publication → CurrentBRENTOIL110.40 → 110.45+0.0%