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$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
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.