Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
China’s LNG demand blunted for now
Pipeline imports and domestic production gains may limit LNG take, but Russia and Central Asia uncertainty could prompt buying activity
Global gas outlook ‘improved’, but risks persist
The IEA warns against complacency, as the weather and Russian pipeline flows remain major uncertainties
Can gas solve South Africa’s power crisis?
Domestic production and LNG imports are on the table as the country seeks to restore energy security
IEA’s Molnar says LNG is more back-up supply than transition fuel
Russia’s invasion of Ukraine has forever changed gas markets and prompted renewed interest in storage and previously unattractive developments, but the long-term future of the fuel is doubtful
US and Qatari LNG: Competitors or a parallel universe?
The two heavyweight exporters are miles apart in their approach to the market, but the interplay between them will define the future of LNG pricing
LNG crucial for South Korea despite nuclear focus
Liquefied gas may lose market share to nuclear in South Korea, but demand could still be robust
Australia’s domestic gas issues threaten exports
And a lack of fresh developments means supply is set to tighten
Low prices not luring Asian buyers back to LNG
Preferable nuclear and coal options suggest balanced Asian LNG market, at least over the summer
India gears up for greater gas use
LNG cargo at Dhamra terminal arrives amid shift to securing supplies and capping prices
Europe’s LNG strategy is better late than never
Infrastructure buildout will give EU better options in 2023 and even more in 2024
Shell expects its products trading and optimisation results to be “significantly higher” than in the fourth quarter of 2021
Shell Refining LNG Petrochemicals
Peter Ramsay
7 April 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Shell’s refining margins jump above $10/bl

The major’s downstream economics are almost 300pc improved year-on-year

The oil price may have soared in the first quarter of 2022, but even greater strength in products markets saw Shell’s indicative refining margin leap to $10.23/bl. Its products trading and optimisation results are also expected to be “significantly higher” than in the fourth quarter of 2021 when the firm reports Q1 results in early May. The firm’s refining margin was $6.55/bl in Q4, meaning it has boosted economics by 56pc quarter-on-quarter (see Fig.1). But, as pandemic restrictions continued to bite savagely, the Q1 2021 marker was as low as $2.65/bl, giving Shell a 286pc year-on-year improvement. Shell did not report an indicative refining margin prior to 2021. Refinery utilisation is exp

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US debt deal to have lasting consequences for oil and gas
9 June 2023
Approval of Mountain Valley Pipeline could set a legal precedent, while permitting reform may make it easier for other projects to advance
Kinshasa pins hopes on eastern oil export route
8 June 2023
Regional mega-project could help overcome infrastructure barrier to Congo development, but hurdles remain
Angola announces 2023 bidding roadshow
Sponsored content
8 June 2023
Roadshow will be for blocks in the Kwanza and Lower Congo Onshore basins, with technical session on 19 June
Letter from Iran: Tehran's dreams and Moscow's deceptions
Opinion
7 June 2023
Russia is making a show of support for Iran as the two nations strengthen their ties, but the promised investment may never materialise

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search