Nigeria’s Forcados outages register in OPEC’s May production as cartel’s output hits 13-month low
A force majeure on Bonny Light crude exports by Shell in Nigeria, as well as delays in crude loading at Forcados, were the unplanned
OPEC increases non-members production forecast raising concern over US supplies
Oil cartel, the Organisation of Petrol Exporting countries (OPEC), raised its forecast for rival oil-supply growth by 160,000 barrels