Shell announces forecasted oil products sales for 4Q 2019
BAKU, Azerbaijan, Dec.20
By Leman Zeynalova – Trend:
Oil products sales volumes of Royal Dutch Shell are expected to be between 6,500 and 7,000 thousand barrels per day in the fourth quarter of 2019, Trend reports with reference to the company’s update to the fourth quarter 2019 outlook provided in the third quarter results announcement on October 31, 2019.
“Marketing margins are expected to be lower due to seasonal trends, and weaker compared to the fourth quarter 2018 due to crude price movements impacting Retail margins,” reads the report.
Shell expects its refinery availability to be between 91 percent and 93 percent. “Similar to the third quarter 2019, refining margins are impacted by the continued weak macro environment.”
Chemicals manufacturing plant availability is expected to be between 83 percent and 85 percent, while
chemicals sales volumes are expected to be between 3,400 and 3,600 thousand tonnes, said Shell.
“Chemicals cracker and intermediate margins are expected to be materially lower than the third quarter 2019 due to the continued weak macro environment. Total margins are expected to be impacted by outages and substantially lower asset utilization,” said the report.
Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.
Shell is a global group of energy and petrochemical companies.
Its operations are divided into our businesses: Upstream, Integrated Gas and New Energies, Downstream.
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