Nigeria kept exporting crude oil at a largely steady pace in May, though below historical levels, despite repeated militant attacks on its infrastructure that drove output down to 30-year lows this spring and helped global prices rise, data showed. Data from maritime intelligence firm Windward and Thomson Reuters showed a far smaller drop in exports from April to May than most in the market had expected. It suggested that Nigerian oil production is more resilient than many thought. Its oil industry has been grappling with a spate of militant attacks that took out the Forcados crude oil stream in February and affected Bonny Light, Brass River and Escravos in May mainly by targeting pipelines taking crude to export terminals. An accident on the terminal exporting Qua Iboe, its largest oil stream, further knocked production and led the International Energy Agency (IEA) to declare May production at 30-year lows of […]