quarterly Archives - Ireland's Forecourt & Convenience Retailer https://forecourtretailer.com/tag/quarterly/ Ireland's Only Forecourt & Convenience Retailer Thu, 05 May 2022 08:49:14 +0000 en-GB hourly 1 https://wordpress.org/?v=6.5.2 https://forecourtretailer.com/wp-content/uploads/2021/03/cropped-IFCR-Site-Icon-32x32.png quarterly Archives - Ireland's Forecourt & Convenience Retailer https://forecourtretailer.com/tag/quarterly/ 32 32 94949456 Shell profits nearly triple as energy company hits quarterly record https://forecourtretailer.com/shell-profits-nearly-triple-as-energy-company-hits-quarterly-record/ Thu, 05 May 2022 08:49:14 +0000 https://forecourtretailer.com/?p=20149 Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the

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]]> Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world.

Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the same period last year.

But the firm said pulling out of Russian oil and gas due to the Ukraine conflict had cost it $3.9bn (£3.1bn).

On Tuesday, rival BP also reported a sharp rise in profit, but the UK has so far ruled out a windfall tax.

The invasion of Ukraine has helped oil and gas prices skyrocket. Russia is one of the world’s major exporters but Western nations have pledged to cut their dependence on the country for energy.

Oil prices were already rising before the Ukraine war as economies started to recover from the Covid pandemic.

Shell chief executive Ben van Beurden said the war in Ukraine had caused “significant disruption to global energy markets”.

“The impacts of this uncertainty and the higher cost that comes with it are being felt far and wide.

“We have been engaging with governments, our customers and suppliers to work through the challenging implications and provide support and solutions where we can.”

Shell rivals, including BP and TotalEnergies have also reported a sharp rise in underlying profits.

Norway’s Equinor, which supplies a quarter of the UK’s gas, also posted record earnings on Wednesday.

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]]> 20149 EU petrol stations need to post average fuel prices per 100 km https://forecourtretailer.com/eu-petrol-stations-need-to-post-average-fuel-prices-per-100-km/ Mon, 28 Mar 2022 10:25:56 +0000 https://forecourtretailer.com/?p=19814 Petrol station owners in the EU will need to post notices at their stations indicating the average prices of fuel per 100 kilometres from 1

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]]> Petrol station owners in the EU will need to post notices at their stations indicating the average prices of fuel per 100 kilometres from 1 April.

The new obligation applies to owners of gas stations that sell at least three of the following types of fuel: Gas 95, diesel, GPL, electricity, hydrogen and GNC.

The notice will have to be updated quarterly and posted at a visible spot at the pump and in the gas station’s store.

The measure, aimed at better informing consumers on the prices of the various types of fquarterlyuel, was initiated by the European Union.

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