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Reuters reported that the oil outages in Nigeria have affected its reputation as a reliable energy supplier and large oil companies such as Exxon have warned customers of supply disruptions in the country’s largest oil stream, Qua Iboe.
Reuters reported that the oil outages in Nigeria have affected its reputation as a reliable energy supplier and large oil companies such as Exxon have warned customers of supply disruptions in the country’s largest oil stream, Qua Iboe.
As quoted in the market news:
The timing of the force majeure on Exxon Mobil’s Qua Iboe oil grades could not be more stark,” said Rolake Akinkugbe, head of oil and gas research at Ecobank, a leading West African bank.