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flag Shell forecasts lower Q4 profits due to emissions costs, dropping LNG production, and reduced global demand.

flag Shell, the largest LNG trader, expects lower profits in Q4 due to a £1 billion cash hit from emissions certificates and expiring hedging contracts. flag LNG production is forecast to drop to 6.8-7.2 million tonnes, down from 7.5 million tonnes in Q3, due to lower feedgas availability. flag Despite these issues, oil refining margins remain steady at $5.5 per barrel. flag Economic slowdowns and the rise of electric vehicles have contributed to reduced global demand.

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