Market Analysis
Shell’s Recording-Breaking Streak: $20.6B Profit Over Last Two Quarters
Shell posted record profits for a second consecutive quarter amid soaring oil and gas prices.
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BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
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DOGE$0.0723+0.10%
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In September, the Producer Price Index saw the sharpest increase since April, pointing to persisting inflationary pressures.
Shell posted record profits for a second consecutive quarter amid soaring oil and gas prices.
Soaring energy prices accounted for almost half of the eurozone's record inflation of 8.6% in June.
Treasury Secretary Janet Yellen is optimistic about avoiding a recession but data suggests a grim outlook in the short-term.