ABU DHABI (Thomson Financial) - Nigerian Oil Minister Odein Ajumogobia said OPEC will either increase output at its meeting later today or leave supply where it is but as far as he is concerned the latter is a better option.

He added, however, he would be studying the data at the meeting carefully and might be convinced to change his mind.

'Both options are on the table,' he said answering whether the cartel would increase output or leave quotas unchanged. 'I'll have a look at the data and the information and decide,' he added. 'Nigeria doesn't have a position until after the meeting.'

anealla.safdar@thomson.com

jag

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