Exxon Mobil (XOM) declares force majeure on some of Nigeria's benchmark Qua Iboe crude oil...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM) declares force majeure on some of Nigeria's benchmark Qua Iboe crude oil exports because of repair work on a section of pipeline. Traders say ~75% of exports from Qua Iboe are affected. Qua Iboe is Nigeria's largest crude oil stream, with exports before the force majeure expected at ~400K bbl/day.