USD 64.2237

0

EUR 70.7296

0

BRENT 60.2

-0.46

AI-92 42.1

-0.01

AI-95 45.88

-0.01

AI-98 51.85

+0.01

Diesel 45.94

+0.03

11

Royal Dutch Shell Reported Losses

Royal Dutch Shell said on Wednesday that it was still losing about 15,000 barrels of oil production in Nigeria

Royal Dutch Shell said on Wednesday that it was still losing about 15,000 barrels of oil production per day and could not honor contracts of oil supplies from Nigeria's Bonny Terminal after a fire on its pipeline in the west African country's troubled south.

"The force majeure is still in place," a Shell spokesman in Lagos told Xinhua. "The deferment is ... at 15,000 bpd."

Shell closed two oilfields and a flow station producing about 180,000 barrels per day (bpd) in all, or seven percent of Nigeria's oil output, after last week's attack to its pipeline, 50 km southwest of the southern Nigerian oil city of Port Harcourt.

This forced it to declare a force majeure and halt oil supplies from the Bonny Terminal. Nigeria, the world's eighth largest oil producer and the largest in Africa, has six export terminals, two of them operated by Shell.

Shell is the biggest player in Nigerian oil, accounting for almost half of Nigeria's daily exports of 2.5 million barrels