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Nigeria may face pressure as OPEC meets today
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Nigeria may face pressure as OPEC meets today

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As the Organisation of Petroleum Exporting Countries looks set for an extension of the deal reached last year to

reduce oil production, Nigeria may face pressure to cut output as supply glut remains in the market, industry experts have said.

OPEC members and non-OPEC producers including Russia agreed in December to cut output by 1.8 million barrels per day for six months from January 1, 2017.

Nigeria and Libya were exempted from the cuts because their production had suffered disruptions on the back of unrest and militant attacks.

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