ABUJA, Sept 10 (Reuters) - Nigeria's finance minister saidon Tuesday there were "strong indications" of an oversuppliedoil market next year and lowered price expectations for thecountry's benchmark crude.
Zainab Ahmed told journalists that she had lowered aforecast for Nigeria's benchmark price to $55 per barrel from$60 per barrel, in part "to cushion against an unexpected priceshock."
Ahmed said Africa's largest oil exporter is producingroughly 2.3 million barrels per day (bpd) of crude oil andcondensates.
It has agreed a cap of 1.685 million bpd of crude oil withthe Organization of the Petroleum Exporting Countries (OPEC).
(Reporting By Camillus Eboh on Abuja, writing by Libby George;editing by Jason Neely)