Equinor Signals Trading Windfall as War-Driven Volatility Lifts Results
Equinor expects its first-quarter income in the trading and marketing division to exceed its $400-million guidance amid significant volatility as a result of the war in the Middle East. Equinor has guided for the Marketing, Midstream, and Processing (MMP) division's average quarterly adjusted operating income to be around $400 million. But the result for the first quarter “is expected to be above this guidance,” the Norwegian energy major said in a trading update on Thursday. “The conflict in the Persian Gulf has driven…