May Not Meet Global Request, Says Report
THERE is growing concern in the United States and Europe that the ongoing Libyan crisis may negatively affect oil prices globally, forcing major oil consumers looking up to Nigeria and other African oil producers to up their production levels.
Specifically, the Saudi Arabian government is said to have assured Western oil interests that Nigerian and Angolan oil supplies would take care of whatever loss was recorded in oil supply from Libya.
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Added February 26, 2011
from Guardian News