Energy majors are managing intermittent Strait of Hormuz disruptions well; operational impacts at Shell and BP have paled compared to commodity price capture, high trading gains, and extraordinary refining margins flowing from destruction of upstream and downstream facilities in the Gulf.
Energy majors are managing intermittent Strait of Hormuz disruptions well; operational impacts at Shell and BP have paled compared to commodity price capture, high trading gains, and extraordinary refining margins flowing from destruction of upstream and downstream facilities in the Gulf.