Content overview: “Shell refineries forecast to make double the profit per barrel due to global fuel shortage”. Shell’s refineries are expected to almost double their profit per barrel of fuel, reaching $42 in the July-to-September period, up from $24 in the previous quarter and surpassing the prior record of about $28 set in mid-2022. The surge is driven by record fuel prices caused by global shortages, exacerbated by the shutdown of war-damaged refineries in the Middle East and Russia. This forecast, shared in a market trading update, signals a significant boost for the energy supermajor’s downstream operations.
The higher margins reflect tight refining capacity worldwide, as geopolitical disruptions limit supply while demand remains resilient. For consumers, this could mean sustained higher prices at the pump, while for investors, it underscores the profitability of refining during supply crunches. The full version stays on the original page, which this listing opens directly.