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Post Tagged with: "force majeure"

Oil Hits $80 But Nigeria Loses 200,000 BOPD as Shell Declares Force Majeure

Oil Hits $80 But Nigeria Loses 200,000 BOPD as Shell Declares Force Majeure

From The Cable

Goood news: oil prices hit $80 a barrel on Thursday for the first time since November 2014.

Bad news: Shell Petroleum Development Company (SPDC) on Thursday declared force majeure on the exports of Nigeria’s major crude oil, …

May 18, 2018 - 11:22 am — Closing Bell Story‎, Commodity Pricing, Energy News