Norway’s Equinor warned on Friday that its first quarter results would be negatively impacted by between $400 million and $500 million from trade in natural gas derivatives used to hedge its physical deliveries. “The high volatility and price increase in European gas markets in 1Q have resulted in larger than expected mark to market results …
The post Equinor outlines Q1 gas derivatives loss of up to $500 million first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/equinor-outlines-q1-gas-derivatives-loss-of-up-to-500-million/