Oil-producing nations maintain their output plan

The world's largest oil producing nations have decided not to increase output beyond the group's current plan.

The Organization of the Petroleum Exporting Countries, known as OPEC, held the online ministerial-level talks. Some other oil-producing nations, such as Russia, also attended.

Oil prices are at a seven-year high. Global supplies have fallen short of increased demand, as economic activity bounces back from the coronavirus pandemic.

The oil producing countries agreed to continue their current plan to raise monthly output by 400,000 barrels per day.

The US, Japan and some other nations have been urging producers to further raise output.