(Bloomberg) -- Crude oil rose above $63 a barrel in New York after Royal Dutch Shell Plc announced an additional cut in Nigerian production following a community dispute in the Niger delta.
Shell's venture has 137,000 barrels a day shut, while other companies have 33,000 barrels offline, said a Shell spokesman, who declined to be identified. Militant raids in 2006 forced Shell's Nigerian unit to halt about 500,000 barrels a day of output. The country produces low-sulfur crude oil prized by refiners because of the proportion of gasoline it yields.
Read more at Bloomberg Commodities News
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