US/IRAN TENSION: OIL PRICES HIT $80 TODAY BUT NIGERIA LOSES 250,000B/D AS SHELL DECLARES FORCE MAJEURE
Oil prices hit $80 a barrel on today(17/5/18) for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market but Nigeria may lose out as Shell declared force majeure on the exports of Nigeria’s major crude oil, the Bonny […]
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