ShippingWatch

Shell flags financial impact of gas market swings, hurricane

By all indications, Shell appears to have been on the safe side of the third quarter's turbulent events and trends, which are nevertheless expected to affect its financials.

Photo: Toby Melville/Reuters/Ritzau Scanpix

Royal Dutch Shell Plc said the events of a turbulent third quarter, from big swings in gas and power prices to a hurricane, will have a significant impact on its financials. 

The company gave a first glimpse of what's likely to be an unpredictable set of earnings for the oil majors. From Europe to Asia, there has been unprecedented volatility in the prices of commodities from gas and coal to metals and food products.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs