BUSINESS INFORMATION - Gulf oil producers will push for oil production unchanged at the OPEC meeting this week, after a sharp price increase and would urge better adherence to production quotas, analysts said.
The main members of OPEC with Saudi Arabia United Arab Emirates, Kuwait and Qatar - happy with current prices - will try to reduce excess production by urging the cartel to meet production quotas agreed upon in December.
Oil prices, which reached a peak above 147 dollars in July last year before falling to 32 dollars in December, has doubled since the beginning of 2009 and touched 75 dollars last week for the first time in 10 months.
Kuwait Oil Minister Sheikh Ahmad Abdullah al-Sabah said in August that OPEC will maintain production levels due to a satisfactory price.
Organization of Petroleum Exporting Countries (OPEC), which pumps 40 percent of world oil supply, is scheduled to meet in Vienna on Wednesday, when the ministers will review the upper limit of the overall production.
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