Shell Offshore rig Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held in check by a firming dollar. Hark, here are five things to consider in the oil market today. 1) The news flow from Nigeria continues apace. No sooner is the force majeure lifted on Bonny Light, before more infrastructure is attacked by the Niger Delta Avengers . While our ClipperData highlights how Nigerian crude exports have held up well in recent months, it also shows how certain grades such as Bonny Light and Brass River have dropped to their lowest level for the year. To offset these losses we have seen other grades increase, and as Qua Iboe ramps up again, crude exports are increasing once more….just as Nigerian oil workers go on strike. (Click to enlarge) 2) According to IHS […]