Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significantly higher in the second quarter than in the first quarter, the UK-based supermajor said in an update note on Tuesday, ahead of reporting detailed Q2 figures on July 30. The trading and optimization results in the chemicals and products division and in the marketing…