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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output

The Shell logo at a petrol station in London
Shell’s trading windfall is expected to be particularly high in its renewable energy division. Photograph: Yui Mok/PA

Shell is expected to report “significantly higher” profits from its trading desks in the first quarter of this year after weeks of market volatility triggered by the Iran crisis.

The surge in energy commodity markets over recent weeks is expected to drive up trading results at Shell’s chemicals and products unit, which includes its main oil trading desk.

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