Quantcast


Last updated: February 19. 2013 6:28PM - 125 Views

Story Tools:

Font Size:

Social Media:

(AP) Royal Dutch Shell PLC says it has lifted a month-long force majeure on Bonny Light crude exports from Nigeria. Meanwhile, Exxon Mobil Corp. says it cannot meet forecasts for another grade of crude from the West African nation.


Shell spokesman Precious Okolobo said Wednesday that Shell's Nigerian subsidiary lifted a force majeure warning on its Bonny Light crude shipments. The term is used when an oil company cannot cover the promised supply from the field.


Shell declared force majeure on Oct. 19 due to attacks on its Trans-Niger pipeline and flooding.


Meanwhile, Exxon Mobil said in a statement Wednesday that it is declaring a force majeure on Qua Iboe crude because of ongoing repair work on a pipeline.


Nigeria is a top supplier of crude to the U.S.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com