Shell projects first-quarter trading profits surge amid Iran conflict volatility

Shell expects first-quarter trading profits to soar between $200 million and $700 million due to market volatility stemming from the Iran conflict. However, the company anticipates a 5% drop in gas production, falling to between 880,000 and 920,000 barrels of oil equivalent daily, primarily due to strikes affecting its assets in Qatar.

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Summary by Glance · Original reporting by The Guardian Australia – Business