-+ 0.00%
-+ 0.00%
-+ 0.00%
Europe’s Fuel Squeeze Is Turning Into a Q3 Windfall for Equinor
Share
Listen to the news
Equinor expects its marketing, midstream, and processing (MMP) division to have earned more than the company’s guidance of $400 million for the third quarter, thanks to very strong refining margins and high proceeds from oil and LNG trading.   The Norwegian major and other energy companies continue to benefit from the high and volatile oil and LNG prices and the global fuel crunch, which has sent refining margins to record highs.  The third-quarter result in the MMP division is expected to be above the guidance, amid an average…
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending