Shell

    • Shell sees a fall in Q1 fuel sales

      Shell sees a fall in Q1 fuel sales

      Royal Dutch Shell announced it expected a significant drop in fuel sales in the first quarter of 2021, Reuters reported. The world’s biggest fuel retailer expects a very slow recovery of the markets undermined by Covid-19 lockdowns in major industrial countries. In a trading update, Shell said it saw refined oil product sales at 3.7-4.7 million barrels per day (bpd) for the first quarter of 2021, compared with just under 4.8 million bpd in the last quarter of 2020. It had previously forecast sales of 4-5 million bpd.

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    • Shell in Germany eyes EU subsidies to go green

      Shell in Germany eyes EU subsidies to go green

      The German subsidiary of Royal Dutch Shell announced it hoped to raise funds from EU and local government subsidies to speed its transformation plans for decarbonisation of fuel production, Reuters reported. The energy giant aims to introduce the production of plant based aviation fuel.

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    • Shell plans net zero carbon targets to 2050

      Shell plans net zero carbon targets to 2050

      Royal Dutch Shell has set out plans to boost the use of nature-based carbon offsets and carbon capture and storage (CCS) technology, two climate solutions in their infancy but seen crucial to controlling global warming, Reuters reported. Both technologies can mitigate the greenhouse gas emissions Shell and its customers cannot eliminate on the path to the group’s 2050 net zero carbon target.

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    • Shell profit slumps by 71% on Covid-19 downturn

      Shell profit slumps by 71% on Covid-19 downturn

      The oil giant Royal Dutch Shell announced financial results which are the worst in more than 20 years, Reuters reported. The company attributed the negative results to the Covid-19 driven global slowdown in world economy, transport and travel restriction due to lockdowns and low oil prices. Shell however vowed to raise its dividends.

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