OPEC May Reassess Oil Demand After Japan Quake, Nigeria Says
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The Organization of the Petroleum Exporting Countries may reassess global demand for oil after an earthquake and tsunami in Japan, Nigerian Foreign Minister Odein Ajumogobia said.
OPEC is set up to “stabilize the market,” he said in New Delhi today. “OPEC is currently maintaining its ceiling. I think the current events in North Africa will probably inform the decision as to where those ceilings will be increased.”