As the market tries to weigh up supply losses, the return of said supply losses, and weekly inventory changes, prices have been bopping betwixt gains and losses thus far today. Hark, here are five things to consider in the oil market today: 1) Yesterday we discussed how Nigeria’s pipelines have been punctured 3,153 times in the last year, and how violence in Nigeria’s oil-rich Niger Delta is on the rise. Today Shell has declared a force majeure on exports from the Bonny Light pipeline due to a leak (sabotage not being blamed thus far), hot on the heels of a Chevron oil platform being attacked last week by a new militant group, the ‘Niger Delta Avengers’. Force majeure is now in place on three Nigerian […]