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UPDATE 1-Ecuador Oil Min sees no OPEC production change
* OPEC president Ecuador says no need to alter oil output
* Ecuador oil min says oil prices are "relatively stable"
(Adds quotations, details)
QUITO, March 11 (Reuters) - Ecuador Oil Minister and OPEC President Germano Pinto said Thursday that OPEC has no need to change output policies at its meeting on March 17 and sees oil prices stable in the range of $70 to $80 a barrel for the rest of 2010.
"Right now there is no change planned for (OPEC) production policy," Pinto told reporters.
"We are in a period of relative stability of prices between $70 and $80 a barrel."
OPEC is not expected to change its production targets when its ministers meet in Vienna next week to discuss oil markets, according to several officials from OPEC countries. [ID:nLDE62902D]
U.S. crude futures CLc1 traded as high as $82.32 a barrel early Thursday.
(Reporting by Alexandra Valencia in Quito. Writing by Joshua Schneyer; Editing by Lisa Shumaker)
