Iran, Middle East and Oil company
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Pump prices in Singapore saw a fifth consecutive day of rise on Friday (March 20) as Shell, for the third time this week, led price movements.The London-headquartered British multinational oil and gas company also led the price hike on March 16 and March 18.
Shell and BP are set to earn an extra £5bn in profit this year as conflict in the Gulf sends the price of oil surging. While the two British energy giants face a hit from disruption in the Middle East,
Brent crude surges past $104 as Strait of Hormuz shipping halts. JPMorgan favors Shell, Eni, TotalEnergies, and Galp in $100+ oil environment.
Shell (SHEL) looks undervalued with 12% upside to a $100 target. SHEL maintains sector-leading FCF yield, 8.52%. See more details here.
Gas prices soar as Shell plant damaged in attack on Qatar energy site - British energy giant Shell said the attack caused damage to a facility that is important to the firm.