Saturday, December 28, 2024

Exempted Nigeria Returns 20% of OPEC’s Cuts to Market

Shell lifts force majeure on Forcados oil in Nigeria Royal Dutch Shell (ticker: RDSA) lifted force majeure on exports of Nigeria’s Forcados oil grade, returning about 250 MBOPD to world markets, according to shipment data obtained by Bloomberg. Europe’s largest oil company placed the crude grade under force majeure – meaning the company could miss contractual obligations due to circumstances