The 11 oil ministers from the Organization of Petroleum Exporting Countries, or OPEC, are due to meet today at the group's headquarters in Vienna to discuss ways to stabilize oil prices. OPEC’s president, Ahmad Fahd al-Sabah of Kuwait, has said his country, Saudi Arabia and the United Arab Emirates support a plan to increase total output from OPEC members from the current level of almost 30 million barrels per day to 30.5 or 31 million barrels. The meeting comes as oil prices continue to be high. Late Tuesday, prices were a little over 55 dollars per barrel in New York. OPEC was founded in 1960 at a meeting in Baghdad. The original members of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela have since been joined by Qatar, Indonesia, Libya, the United Arab Emirates, Algeria and Nigeria.