Shell Wants To Bail On Energy Retail Businesses Due To “Tough Market Conditions” ...Middle East

Shell is looking to bail on its energy retail business across multiple countries amid “tough market conditions,” the company said on Thursday. The tough market conditions likely refer to higher wholesale prices across Europe that have plagued many retailers, as well as price-capping measures instituted by governments to keep consumers from having to pay exorbitant energy bills. Shell said on Thursday that it had commenced a review of its retail business in Britain, Norway, and Germany and that the process could take months. Of the three…

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