Saudi Arabia, others willing, able to replace Libya oil
Saudi Arabia and other OPEC nations including those in West Africa are willing and able to replace any lost Libyan oil as soon as companies ask for it, including crude of the same quality, a Saudi Arabian oil official said.
Oil companies from the United States, Europe, and Asia are scrambling for a share in Libyan oil as the rebels' Transitional National Council gradually works to take the place of the Gadhafi regime.