Conflict in the Niger Delta Jonathan’s defeat in the March 2015 elections, the amnesty program seems likely to end in December 2015 and with patronage to former militant leaders terminated, local discontent is deepening. A February 2016 explosion in a pipeline operated by Shell Petroleum Development Corporation, a Royal Dutch Shell subsidiary to the Shell Forcados export terminal halted both production and imports. Speculation centered on militants using divers. Emmanuel Ibe Kachikwu, the minister of state for petroleum and the head of Nigeria’s oil company, said Nigerian production was down 300,000 barrels a day as a result. On May 11 Shell closed its Bonny oil
Commodity market Commodity market A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple