Shell expects Q4 oil trading performance to weaken significantly

Gelonghui Jan 8th｜Shell stated that its oil trading performance in the fourth quarter weakened significantly due to falling crude oil prices. In a trading update released on Thursday, Shell said that fourth-quarter oil trading performance is "expected to be significantly lower" than the previous three months. Shell's vast internal trading operations cover crude oil, natural gas, fuels, chemicals, renewable electricity, and carbon credits, trading not only its own production but also third-party supplies. Although this energy giant does not separately disclose the performance of its trading division, its results attract close market attention because this is often a key driver of profits.