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Key facts: Scotiabank Raises Shell Price Target; U.S. Approves Gas Deal; Shell Loses LNG Arbitration

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  • Scotiabank has increased its price target for Shell (SHEL) shares to $91.00, up from the previous target of $80.00.1
  • The U.S. has allowed Shell to negotiate an offshore gas field in Venezuela with PDVSA until April 2026, requiring U.S. firms' involvement to supply Trinidad with gas.2
  • Shell lost an arbitration case against Venture Global over LNG cargoes, with the tribunal siding with Venture Global, reversing a prior ruling that favored Shell.3