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Force Majeure On Forcados Lifted

Oil

The force majeure on Nigeria’s Forcados crude grade has been lifted by operator Shell, Reuters reports, citing a statement from the company. Forcados crude had been under force majeure since February 2016 due to a militant attack on the main export route for the grade, the Trans Forcados Pipeline. The inclusion of 197K b/d of Forcados crude into Nigeria’s June exports has helped to pushed total scheduled loadings for this month to a 15-month high of 1.75M b/d.