Nigeria Oil Outages Affect Supply Status

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.

Click here to read the full Reuters report.