(VOVworld) - The Organization of the Petroleum Exporting Countries (OPEC) has decided to keep its production levels of 30 million barrels per day for the next six months.

OPEC Secretary General Abdullah Al Badri, Saudi Arabia's Oil Minister Ali Al Naimi (right) and Qatar's Energy and Industry Minister Mohammed Al Sada (centre) (Photo:AFP)

Iraqi Oil Minister Adel Abdel Mahdi express his delight at OPEC’s decision to keep its output ceiling at 30 million barrels per day and said he expects prices and demand to rise. OPEC Secretary General Abdullah el-Badri told reporters the cartel has no "target price," saying that the main challenge of OPEC in the future is the economic situation.