Nigeria may be ensnared in another budget deficit as members of the Organization Petroleum Exporting Countries (OPEC) head for a crucial meeting to decide on output policy, which could crash the price of oil.With pressure mounting from consumers like United States and China, as well as move by Saudi Arabia and Russia for OPEC to increase supply in the market, there are concerns that such decisions could crash the price of oil, which has stabilized from as low as $27 a barrel in 2016 to $75 a barrel yesterday. Unless OPEC maintains its output policy and calm is sustained in the Niger Delta to keep oil output intact, Chairman/CEO of International Energy Services (IES) Ltd, Dr. Diran Fawibe projects a fall in price or production that could affect implementation of the 2018 budget signed by President Muhammadu Buhari on Wednesday.With an oil price benchmark of $51, crude […]