San Francisco ? The Organization of Petroleum Exporting Countries said Sunday it will leave oil-output levels unchanged and will fully comply with production targets the group agreed to late last year.

OPEC, which controls about a third of the world’s oil production, met in Vienna, Austria, Sunday to mull possible moves as oil prices trade below their July high of $147 a barrel despite recent cuts to output.

Crude finished a volatile session down nearly 2 percent to $46.25 a barrel on Friday, but despite the losses, closed the week with a 1.6 percent gain.

The oil cartel said it will meet again on May 28 and Sept. 9 in Vienna to reassess output.