Officials for the Organization of Petroleum Exporting Countries said the group would meet again next month.
Even the Organization of the Petroleum Exporting Countries cannot do much more to bring down prices.
First, the Organization of Petroleum Exporting Countries would come under pressure to cut its official price.
The Organization of Petroleum Exporting Countries came into existence in 1960.
But this is the first formal move by the Organization of Petroleum Exporting Countries to do so.
That is the price set by the Organization of Petroleum Exporting Countries at its last meeting before the invasion.
These discussions could put more pressure on the Organization of Petroleum Exporting Countries to increase production.
But the Organization of Petroleum Exporting Countries is really calling the shots.
And only the Organization of Petroleum Exporting Countries has the huge oil reserves to meet the increased demand.
There was also a sharp $600 million improvement with the Organization of Petroleum Exporting Countries, to $1.1 billion.