Saudi Arabia will urge OPEC to increase oil production to lower prices

The members of the Gulf within OPEC, led by Saudi Arabia will call to increase oil supplies during the WTO meeting this week in an effort to support the growth of the global economy by lowering oil prices to less than $ 100 a barrel.

The data indicate the possibility of recovery is faltering economy in the West is concerned about the Gulf members of the Organization any regulars Arabia, Kuwait, United Arab Emirates.

And Saudi Arabia and the Gulf producers others their position justify by saying that oil prices undermine economic growth, which in turn fuels the demand for OPEC production of crude oil and that it is necessary to increase supply to meet demand in the second half of the year.

But Riyadh is ready to flood the market with crude oil prices to push down firmly.

Told Gulf OPEC delegate told Reuters in Vienna on Sunday, “we should add one million barrels per day at least .. we are not satisfied with the current prices.”

A delegate from the Gulf country to another, “We want to meet the growing demand in the second half of the year without flooding the market.”