The developments could deal a blow on Nigeria, which has plans to export oil in the neighbourhood of 1.5 million bpd in March. Shell Petroleum Development Company, the local unit of Royal Dutch Shell , on Monday said it declared force majeure on Bonny Light oil export programme beginning from March 3, citing a decline in flows to the export terminal. On the same day, Italian energy giant Eni also declared the same measure on exports of Brass River crude oil, triggered by a pipeline explosion in Bayelsa State. Force majeure legally allows a company not to meet contractual obligations for reasons that are out of its control. The twin occurrences is likely further pressure a market reeling from the weighty implications of Russian occupation of Ukraine by complicating supply woes. The two Nigerian grades – Bonny Light and Brass River – were part of a shipment […]