Oil rises, as Shell declares force majeure on Bonny Light

Ike Amos 09 June 2017, Sweetcrude, Abuja — Shell Petroleum Development Company, Friday, declared force majeure on Nigerian Bonny Light crude oil grade. According to reports, this was due to sabotage of the Trans Niger Pipeline (TNP) which led to a leak after a hole was drilled on the pipeline. In a report by Reuters, […] More »