Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market already fretting about the impact of Russia’s invasion of Ukraine.
Eni relates to Brass crude cargoes and followed a pipeline blast in the Bayelsa state in the country’s Niger Delta.
Some oil companies have stopped buying new cargoes from Moscow and some governments have announced that they are imposing bans on petroleum imports from Russia.
Shell says it will try to go elsewhere for barrels.
Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market already fretting about the impact of Russia’s invasion of Ukraine.
Eni relates to Brass crude cargoes and followed a pipeline blast in the Bayelsa state in the country’s Niger Delta.
Some oil companies have stopped buying new cargoes from Moscow and some governments have announced that they are imposing bans on petroleum imports from Russia.
Shell says it will try to go elsewhere for barrels.
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