OPEC will produce more" black gold "if the price of oil is above $ 100 a barrel . This was reported by Kuwaiti Oil Minister Ahmad al-Abdullah. "If oil prices rise above $ 100 a barrel, hurt global economic recovery" - convinced the Minister. Therefore, OPEC will increase oil sales to avoid an excessive increase in energy prices. If demand for oil will be guaranteed, then the oil companies can increase the supply. According to a senior official today's prices are convenient for both producers and buyers, he added. Now prices respond mainly to the dollar and investors' expectations of economic recovery than the economic indicators, the minister said. Recall that the Kuwait oil supplies, mainly in Asia, in March of production there was 2.3 million barrels a day. March 17 this year at 156 th Session of the Conference of OPEC oil production quotas remained unchanged : no more than 24.84 million barrels a day. According to released documents, OPEC forecasts for the period up to 2020 Daily growth in world oil demand each year by an average of 1 million barrels. In the final communique Forum OPEC reaffirmed "its commitment to instantly respond to any events that could threaten the stability of the oil market. "The OPEC comprises 12 countries: Algeria, Angola, Venezuela, Iraq, Iran, Qatar, Kuwait, Libya, Nigeria, UAE, Saudi Arabia and Venezuela. In March 2010 the average price of a barrel of OPEC oil amounted to 77.21 dollar.
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