Iran Oil Minister: Oil Prices Appropriate, Decline Is Short-Lived

Iran’s Oil Minister Bijan Zanganeh said on Tuesday that current oil prices are appropriate and the recent decline would be brief.

Shell Nigeria declares force majeure on oil export

LAGOS: Shell Nigeria declared ``force majeure'' Friday on exports of Bonny Light Crude oil, blaming increasing oil thefts that analysts say likely will lead companies to sell off more investments in Nigeria's declining onshore oil industry.