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The Independent UK
The Independent UK
Business
Holly Williams

Shell boosted by oil price spike due to Iran war — but gas production takes a hit

Shell has revised its integrated gas production forecast upwards for the second quarter, driven significantly by the surging cost of crude oil, which has also provided a substantial boost to its oil and gas trading operations.

Despite this improved outlook, the energy giant’s integrated gas production between April and June is still anticipated to see a sharp decline compared to the first quarter.

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