- Exports of Nigeria's Bonny Light crude have been under force majeure since Friday following the closure of the Nembe Creek Trunk line, terminal operator Royal Dutch Shell (RDS.A +0.3%) says.
- S&P Global Platts reports the impact of the force majeure could be limited given the terminal is still receiving crude from the Trans Niger pipeline.
- The 150K bbl/day Nembe Creek Trunk pipeline has been a frequent target of militant raids.
- Bonny Light is popular with refiners globally, with production totaling ~250K bbl/day in the past year.