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http://ift.tt/eA8V8J Royal Dutch Shell has resumed crude exports from its Forcados terminal in Nigeria after production was disrupted following repeated attacks by militants in the restive oil-producing region, a company spokesman said Thursday. The resumption will see Nigeria’s oil production rebound to around 2 million barrels per day (bpd), adding more barrels to the market at a time when the Organization of Petroleum Exporting Countries (OPEC) is working to curb output in order boost global crude prices. “We resumed production at Forcados on June 6, 2017 after lifting the force majeure we declared on crude exports from the facility last year,” Shell spokesman Precious Okolobo told AFP. Okolobo said Shell had completed “necessary repairs of the line”. Force majeure is a legal term that frees a company from any contractual obligation due to circumstances beyond its control. Shell declared the force majeure on Forcados shipments in February 2016 after rebel group Niger Delt...

http://ift.tt/2t0xDEL British Prime Minister Theresa May leaves Conservative Party HQ in central London, on June 9, 2017, hours after the polls closed in the British general election.  AFP PHOTO / Ben STANSALL Prime Minister Theresa May has suffered one of the most dramatic reversals in recent British political history, losing an overall majority in parliament in a snap election she had been predicted to win easily. May had called the election on April 18, urging voters to boost her 17-seat working majority in order to strengthen her hand in the Brexit negotiations. Opinion polls at that time gave her Conservatives a 20-point lead over Labour, enough for a potentially triple-figure majority. Here are five reasons why things went so wrong: The Brenda factor Many Britons viewed the election as a cynical ploy to score gains against an unpopular opposition leader, Jeremy Corbyn. After all, the country was only two years into a five-year parliament and May, after becoming ...

http://ift.tt/eA8V8J Royal Dutch Shell has resumed crude exports from its Forcados terminal in Nigeria after production was disrupted following repeated attacks by militants in the restive oil-producing region, a company spokesman said Thursday. The resumption will see Nigeria’s oil production rebound to around 2 million barrels per day (bpd), adding more barrels to the market at a time when the Organization of Petroleum Exporting Countries (OPEC) is working to curb output in order boost global crude prices. “We resumed production at Forcados on June 6, 2017 after lifting the force majeure we declared on crude exports from the facility last year,” Shell spokesman Precious Okolobo told AFP. Okolobo said Shell had completed “necessary repairs of the line”. Force majeure is a legal term that frees a company from any contractual obligation due to circumstances beyond its control. Shell declared the force majeure on Forcados shipments in February 2016 after rebel group Niger Delt...

http://ift.tt/2t0xDEL British Prime Minister Theresa May leaves Conservative Party HQ in central London, on June 9, 2017, hours after the polls closed in the British general election.  AFP PHOTO / Ben STANSALL Prime Minister Theresa May has suffered one of the most dramatic reversals in recent British political history, losing an overall majority in parliament in a snap election she had been predicted to win easily. May had called the election on April 18, urging voters to boost her 17-seat working majority in order to strengthen her hand in the Brexit negotiations. Opinion polls at that time gave her Conservatives a 20-point lead over Labour, enough for a potentially triple-figure majority. Here are five reasons why things went so wrong: The Brenda factor Many Britons viewed the election as a cynical ploy to score gains against an unpopular opposition leader, Jeremy Corbyn. After all, the country was only two years into a five-year parliament and May, after becoming ...