ALGIERS - OPEC is likely to maintain oil output at current levels when it meets at the end of the month because the market is well supplied, Algeria's Energy and Mines Minister Chakib Kehlil said on Saturday.

"We think that we will keep the production at the same level," Kehlil told a news conference at an economic forum, adding that the cartel remained ready to fill any supply gaps. "We will make every effort to ensure stability," he said. "There is enough oil on the market." He said high oil prices had no impact on economic growth and he expected the global economy to grow by around 4.3 percent this year. The Organisation of the Petroleum Exporting Countries meets on January 31 in Vienna to decide output policy. World oil prices climbed back above $67 a barrel on Friday, driven higher by worries over Iran and disruption to supplies in Nigeria. PIN/REUTERS
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