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OPEC (OPEC) meeting will be held this week, Saudi Arabia and other OPEC members would seem to be a showdown. Previously, Saudi Arabia urged to increase oil production targets, although crude oil prices have recently declined.

Saudi Oil Minister Ali Naimi, Ali, Naimi said in an interview with Gulf Petroleum Review “(Gulf Oil Review) interview,” Our analysis seems to indicate that we will need to increase the current production ceiling.

The context of the parties to worry about Europe’s debt crisis and global economic slowdown, oil prices in the past few months has dropped sharply from a four-year high of U.S. dollars a barrel 128 in March, the barrel is about $ 100.

OPEC members Iran accused Saudi Arabia, Kuwait and the UAE’s oil production is too high, leading to the fall in oil prices.

OPEC oil production accounted for 40% of the global supply of crude oil, the response is usually cut when oil prices fell sharply. Saudi Arabia, however, the current policy objectives is to prevent crude oil sharply higher than $ 100 a barrel in order to reduce the risks posed by high oil prices on the global economy. http://shuaiziwei.blogspot.com/

OPEC’s official production ceiling is 30 million barrels. But in recent months, OPEC production was significantly higher than the upper limit, to a certain extent in order to ease the United States and the European Union (EU), Iran’s nuclear projects and implementation of the embargo on the impact of the country’s oil exports.

OPEC Oil Market Report shows that in so far this year, most of the time, the Group’s crude oil per month in excess of the level of 3100 million barrels a day.

Now, some Gulf oil producers want to raise official production ceiling to bring it closer to the actual production. Saudi Arabia is to promote the advancement of the production ceiling. Gulf Petroleum Review, said the supply of the market in Saudi Arabia in May every day to reach 990 million barrels to the highest level this year.

Earlier this year, oil prices had soared, the increase seems to be part of the strategy of the Saudi drive down oil prices. Naimi, the author said in the British “Financial Times” in March, the Saudi oil prices down to “will not damage the global economic recovery” level.

In early May, Ali al-Naimi told reporters that “oil prices stable around $ 100 (per barrel), is crucial. His position is unusual, because the Saudis are often reluctant to disclose their ideal level of oil prices.  http://blog.livedoor.jp/xtc668-xtc668/

Naimi added that Saudi oil production in the European and global economy, some form of stimulation.