Amenifo cited Mr Hasan Qabazard OPEC's head of research as saying that the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are very high.

He said that “I don't see that production should be increased. Stocks are a worry, particularly the product stocks. At current calculations we will go to stock build early 2010.”

(Sourced from Ameinfo.com)