The Resilience of Oil Nation’s crude output reduced by about 400,000 barrels a day At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has been shut down as a pipeline closure added to disruptions caused by militant attacks. Royal Dutch Shell Plc declared force majeure — a legal clause that allows it to stop shipments without breaching contracts — on exports of Bonny Light crude following the discovery Tuesday of a leak on the Nembe Creek Trunk Line, according to a statement Wednesday. The […]