Shell raised its third-quarter integrated gas production outlook to 740,000–780,000 barrels of oilOilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More equivalent per day and expects its refining marginMarginThe amount your broker sets aside as collateral to open and hold a leveraged position. It is not a fee and it is not your risk limit.Read More to reach $42 per barrel, up from $24 in Q2. The stronger outlook reflects improved energy-marketMarketA place—physical or digital—where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More conditions and the ARC Resources acquisition.

Shell’s 7 October tradingTradingTaking positions over a shorter horizon to capture price movement. The work is managing risk and decisions, not simply being right.Read More update puts third-quarter integrated gas production at 740,000–780,000 barrels of oil equivalent daily, up from its earlier 570,000–630,000 rangeRangeA market state where price moves between boundaries without a clear sequence of higher highs or lower lows. Waiting is a valid read here.Read More. The outlook includes ARC Resources, acquired in September. Its indicative refining margin is $42 a barrel, compared with $24 in the second quarter. Refinery utilisation is forecast at 93%–97%, with low Rhine water levels affecting Rheinland. These are preliminary expectations ahead of results scheduled for 29 October.