News about Shell

A global diesel shortage is pushing some major refiners toward record profits, even as higher fuel prices raise transport costs, inflation and pressure on households and businesses. The Guardian investigation, citing International Energy Agency warnings, says supply has fallen by about one million barrels a day compared with 2025 after refinery damage in the Middle East and Russia and restrictions on Chinese exports. TotalEnergies' refining and chemicals income more than quadrupled to $1.8 billion from April to June, and Shell expects refining margins near $42 per barrel for July–September, up from $24. The IEA says the shortage could last into 2027 and that the push for more diesel could later create a surplus and shift the next shortage to petrol.

Shell announced it has received exemptive relief from Canadian securities regulators, so it will not have to comply with NI 51-101 requirements for oil and gas reserves disclosure in its annual filings. The relief follows Shell becoming a reporting issuer in Canada through its acquisition of ARC Resources Ltd, completed in September 2026. Instead, Shell may provide oil and gas disclosure under SEC requirements, but must file these disclosures on SEDAR+ as soon as practicable after submitting them to the SEC. The relief remains in effect only as long as Shell continues to meet the conditions set out in the Decision.

Shell has received exemptive relief from Canadian securities regulators, so it will not have to comply with NI 51-101 or file Form 51-101F1 reserves data with its annual filings, provided certain conditions are met on an ongoing basis. The relief follows Shell becoming a Canadian reporting issuer through its acquisition of ARC Resources Ltd in September 2026. Instead, Shell may disclose its oil and gas activities under SEC, Securities Act, Exchange Act, Sarbanes-Oxley and NYSE requirements, and must file those disclosures on sedarplus.ca as soon as practicable after filing with the SEC. The decision document is available on the Alberta Securities Commission website.