(Bloomberg) — Royal Dutch Shell Plc’s mammoth oil trading business saved the company from what was expected to be its worst quarterly result of its modern era.Investors had already been warned that the coronavirus pandemic had affected almost all parts of the energy giant’s business — from forecourts to its upstream division. But that impact was offset by gains from buying and selling crude and fuels, the company said in a statement on Thursday.Like its peers Total SE and Equinor ASA, who reported similar gains, Shell’s oil trading business benefits from its extensive infrastructure, giving the company an advantage in …read more
Source:: Yahoo Finance
