OPEC, content with current oil price levels, agreed to keep the group’s crude output ceiling unchanged at least until June even as Libya, Iran and Iraq plan to increase exports in coming months. Maintaining the 30 million-barrel-a-day target for the 12-nation Organization of Petroleum Exporting Countries, which supplies about 40 percent of the world’s oil, will ensure price stability , Venezuelan Energy Minister Rafael Ramirez said yesterday. There will be no need to reduce the cap at the next meeting, Libyan Oil Minister Abdulbari al-Arusi said. “The big question is what OPEC will do if output from Libya and Iran returns to the market next year,” Carsten Fritsch , an analyst at Commerzbank AG in Frankfurt , said yesterday. He said that will probably be discussed in June. Some analysts warn that excess supply, including U.S. shale oil and a potential resurgence in exports from Iran, Libya and Iraq, […]