Royal Dutch Shell (RDS.A, RDS.B) Nigerian subsidiary declares force majeure on Bonny Light Crude...


Royal Dutch Shell (RDS.A, RDS.B) Nigerian subsidiary declares force majeure on Bonny Light Crude exports following a shutdown of the Nembe Creek Trunkline, which the company says has been targeted repeatedly by crude oil thieves since installation of the $1.1B line in 2010. The shutdown defers production of ~150K bbl/day.

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