Shell Maintains LNG Output Guidance as Chemicals Unit Slides Into Loss

Shell maintained its liquefied natural gas output guidance for the fourth quarter, tightening the forecast range but keeping it within prior expectations, according to a trading update released Thursday. The company simultaneously cautioned that its chemicals and products division will post a loss for the period, with margins pressured by weak demand and industry overcapacity. The update comes against a backdrop of softer energy benchmarks, with Oil – Brent Crude, Oil – US Crude, and Natural Gas all under pressure over the past month, reflecting concerns about global growth and ample supply.

Over the last month, Oil – US Crude has declined about 4.1%, while its 1-day technical stance is currently flagged as Sell, suggesting short-term downside momentum remains in place. Oil – Brent Crude has fallen roughly 3.4% over the same period, with its near-term technical outlook also at Sell, consistent with a cautious trading bias amid macro uncertainty. Natural Gas has been notably weaker, sliding about 20.6% month-on-month, and its 1-day technical view stands at Sell, underscoring persistent bearish sentiment even as LNG-related demand dynamics remain in focus for integrated producers like Shell. Investors can explore more updates, prices, and analysis across global markets at Commodities.