Nigeria’s hopes of ramping up its oil output this year have been diminished, as renewed attacks on oil infrastructure in the Niger Delta have shut-in production of popular export grade Forcados in the past week, market sources said Friday. Nigerian oil output had recovered sharply in the past few months on the return of Qua Iboe, Forcados and Bonny Light as militant attacks were slowing down. October output rose to around 1.84 million b/d, including condensate grade Akpo, according to S&P Global Platts estimates but with Forcados — whose production ranged between 150,000-200,000 b/d the previous month — now out, output for the rest of the year will again plummet. Forcados output has been down since last week, after an oil spill caused by an attack on the Trans-Forcados pipeline impacted the transportation of the crude. On November 2, the Trans-Forcados pipeline, which transports the popular export grade, was […]