The meeting will be the last time OPEC ministers convene before the elections.

But OPEC ministers here said that the world had plenty of oil.

OPEC ministers have called for cuts ranging from one to two million barrels of oil a day.

OPEC ministers also announce that they will meet again in March.

OPEC ministers met for more than four hours yesterday and will meet again today in Vienna.

OPEC ministers began a formal conference here after four days of haggling left them still some distance from a deal.

The decision came as the five OPEC ministers were holding a one-day meeting here.

OPEC ministers, who were meeting through Sunday evening, have yet to reach an agreement.

OPEC ministers decided to raise oil output only slightly during the peak-demand summer season to keep prices firm.

It is widely expected that OPEC ministers, who control about 40 percent of the world's oil supply, will agree to increase production.