The Organisation of Petroleum Exporting Countries (OPEC) has decided to maintain its production ceiling at 30 million barrels a day in the cartel's meeting here on Friday, Xinhua reported.
The decision shows that the cartel has stuck to its strategy of unconstrained oil production, which seeks to fight for its market share and curb production from high-cost US shale instead of bolstering the oil price by cutting output.
OPEC refused to cut its output in the November meeting last year.
The cartel signaled it would not cut output alone without a coordinated production reduction with other none-OPEC oil producers.
