Advertisement
UK markets open in 4 hours 52 minutes

  • NIKKEI 225

    38,321.06
    +118.69 (+0.31%)
     

  • HANG SENG

    18,404.43
    +90.57 (+0.49%)
     

  • CRUDE OIL

    79.30
    +0.31 (+0.39%)
     

  • GOLD FUTURES

    2,317.00
    -5.30 (-0.23%)
     

  • DOW

    39,056.39
    +172.13 (+0.44%)
     

  • Bitcoin GBP

    49,215.82
    -920.22 (-1.84%)
     

  • CMC Crypto 200

    1,309.88
    +15.21 (+1.17%)
     

  • NASDAQ Composite

    16,302.76
    -29.80 (-0.18%)
     

  • UK FTSE All Share

    4,544.24
    +21.25 (+0.47%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

Shell says Nigeria's Bonny Light crude still under force majeure

Reuters

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) said on Wednesday a declaration of force majeure remained in place on shipments of Nigerian Bonny Light crude oil, while exports at the Forcados shipping hub were running as normal.

Shell's Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd (SPDC), said on May 17 it had declared force majeure on exports of Bonny light following a shutdown on the Nembe Creek Trunk Line stream.

Exports of Bonny Light are expected to run at around 195,000 barrels per day next month, making it Nigeria's third largest crude oil stream, behind Forcados and Qua Iboe.

Shell said in an emailed statement that operations at the country's Forcados oil terminal were running normally, despite a closure last week of the Trans Forcados Pipeline that carries a number of grades to the coast for export.

(Reporting by Amanda Cooper; editing by Jason Neely)