Shell warns of earnings hit from Hurricane Ida | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 94%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Royal Dutch Shell on Thursday warned of a financial hit from the recent Hurricane Ida, but the energy giant said cash flows would profit from soaring gas and electricity prices.

Third-quarter earnings and cash flow will be impacted by about $400 million from the August hurricane in the Gulf of Mexico that impacted Shell operations in the region, the London-listed group said in a trading update.Natural gas prices are soaring to record peaks, energised by reopening economies and tight supplies ahead of the northern hemisphere winter.

Energy prices, in general, are jumping, with oil and electricity also experiencing strong gains in recent weeks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines