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Evening Standard
Evening Standard
Holly Williams

Shell sees boost from oil price spike amid Iran war, but gas production hit

Shell Oil Iran Qatar Pearl
Shell has upped its integrated gas production outlook as the soaring cost of crude also significantly boosted its oil and gas trading businesses. - (PA Archive)

Shell has upped its integrated gas production outlook for the second quarter as the soaring cost of crude also significantly boosted its oil and gas trading businesses.

In an update ahead of second-quarter figures, the oil giant raised its guidance for integrated gas production between April and June, though it is still set to drop sharply compared with the first quarter due to the Middle East conflict impacting output from Qatar.

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