Indication emerged weekend that about 10 million barrels of Nigerian crude oil cargoes for September-loading are still looking for buyers, and face steep competition from other crude oil grades. This is coming on the heels of Shell shutting in about 162, 000 per day as it declares force majeure on Bonny light crude. This would mean delay in realizing revenue from crude export into the federation account.
Read more @ Vanguard Online
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