OPEC member states are likely to opt for crude production to continue at current levels when their oil ministers meet in Vienna on Friday, despite U.S. calls for a quota rise, RIA Novosti reports.
The United States, the world's largest oil consumer, has led calls for the Organization of the Petroleum Exporting Countries to export more crude to give a boost to the flagging U.S. economy.
However, OPEC oil ministers said on Thursday there was no need for a supply rise, as global economic difficulties are likely to lead to weakened demand.
OPEC President Chakib said before the meeting: "I don't see what increasing supply of oil will do to the economy, psychologically maybe it would help but I doubt it."
An unchanged quota would imply an oil price at the current level of around $92 per barrel.