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MARKETS

Weaker refining margins to squeeze Shell's third quarter profits

SHELL, the world's largest LNG trader, said on Thursday that its third-quarter profits would be pressured by a near halving of oil refining margins, crumbling chemical margins and weaker natural gas trading.

Tim Daiss
Weaker refining margins to squeeze Shell's third quarter profits

The UK-listed energy major reported two consecutive quarters of record profits in the first half of the year amid soaring global oil and gas prices, and stellar earnings from its trading operations. ...

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