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The Iran war raises the profits of major oil companies as refining and energy trading gains expand

Iran/WashingtonThe major international oil companies achieved remarkable financial gains during the second quarter of the year, benefiting from the turmoil that accompanied the war on Iran, which reshaped the global energy trade movement and raised refining, transportation, and marketing margins.

Business results showed that integrated companies, which combine production, refining, trade and transportation, benefited the most from the crisis, after they were able to exploit price differences between markets and compensate for any decline in production with strong profits from commercial activities.

The companywas registered ShellA significant increase in its quarterly profits, despite the decline in gas production due to war-related unrest in Qatar, benefiting from operating its refineries at high rates and achieving strong results in energy trading. It also strengthenedTotal EnergiesAndEniAndGlencoreIts results are thanks to improved refining and trading margins.

Analysts attribute these gains to the disruption of global oil and gas flows, after the war pushed shipments to longer and more expensive routes, widened price gaps between regions, and led to a shortage of some oil derivatives, such as diesel and jet fuel, which provided great investment and commercial opportunities for companies capable of managing supply chains efficiently.

In this context, the companyExpand EnergyThe American company acquiredTwin Eagle HoldingsSpecialized in gas marketing, in a step that reflects the increasing importance of trade and marketing activities in addition to traditional production.

The company expectsRepsolSpanish refining margins will continue at strong levels until 2027, driven by continued global demand for fuel and rebuilding stocks, while theGoldman SachsAlthough the global diesel market continues to face supply bottlenecks.

These developments coincided with continuing military tensions, as oil prices rose following new US strikes on Iran, and Qatar resumed liquefied natural gas shipments through the Strait of Hormuz, at a time when the region witnessed incidents targeting energy tankers.

Observers believe that the crisis has highlighted the superiority of companies that have an integrated system for managing energy production, transportation, and marketing, as logistical flexibility and the ability to exploit market fluctuations have become a decisive factor in achieving profits during periods of geopolitical turmoil.

Source:“My press”

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