Comments from OPEC oil ministers indicate the organization will leave output targets unchanged as it tries to reassure energy-dependent nations just starting to emerge from recession.
Rather than change quotas, the 12-nation production group will likely call on members to stop producing over their assigned limits. Most OPEC nations overproduce, meaning that the group puts out about 27 million barrels a day - 2 million over the target it agreed to maintain in March.
Shortly before the ministers went into closed-doors talks on what to do with output, Saudi oil minister Ali Naimi told reporters Thursday that they "are happy with the market the way it is." His comments were echoed by other OPEC ministers.
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