Shell Petroleum Development Company will stop Bonny Light crude oil exports after announcing a force majeure on the operation. The subsidiary of Royal Dutch Shell in Nigeria had made the decision due to circumstances beyond its control.
According to a spokesman, Shell’s decision to declare a...
The United States’ Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $71 per barrel in 2018 and $68 a barrel in 2019.
Meanwhile, Nigeria’s Bonny Light crude oil has maintain an international price of $73.44 …
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