Royal Dutch Shell Plc  .com Rotating Header Image

Oil Rebounds After Attack Shuts Shell’s Nigerian Bonga Oilfield

Bloomberg

 

 

Oil Rebounds After Attack Shuts Shell’s Nigerian Bonga Oilfield 

By Grant Smith

June 19 (Bloomberg) — Crude oil rebounded after Royal Dutch Shell Plc said a militant attack shut Nigeria’s offshore Bonga oilfield.

Crude oil for July delivery traded at $136.58, down 10 cents at 8:40 a.m. London time on the New York Mercantile Exchange, after earlier dropping 88 cents.

Brent crude oil for August settlement rose 16 cents to $136.60 a barrel at 8:39 a.m. London time on the ICE Futures Europe exchange, having earlier declined as much as 76 cents.

“There has been an armed attack on the Bonga field production unit,” Shell spokesman Rainer Winzenried said in a phone interview from The Hague. “Production was shut down.”

The Bonga field pumps about 190,000 barrels a day of crude, according to loading schedules.

To contact the reporter on this story: Grant Smith in London at[email protected]

Last Updated: June 19, 2008 03:47 EDT

http://www.bloomberg.com/apps/news?pid=20601116&sid=a4hYJwdu72J8&refer=africa

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Oil Rebounds After Attack Shuts Shell’s Nigerian Bonga Oilfield”

Leave a Comment

%d bloggers like this: