Bonny Light still under force majeure – Shell spokesman

Force majeure remains in place on exports of Nigeria’s Bonny Light crude, a Shell spokesman said on Tuesday.

Shell’s Nigerian venture, Shell Petroleum Development Co of Nigeria Ltd, declared force majeure on Bonny Light exports on May 17 following the shutdown of the Nembe Creek Trunk line. “No change at Bonny,” the Shell spokesman said.

Sellers have bumped up their asking prices as outages curb supply, but no change in levels was heard on Tuesday. Bonny Light, Qua Iboe and Forcados were last heard to be on offer at around dated Brent plus $2 a barrel.

Source: Reuters