OPEC members could increase their production to meet 2011 demand which could rise by two percent, while oil prices are expected to maintain last year's levels, Saudi's oil minister said on Monday.
As non-OPEC oil producers are expected to increase their production, OPEC countries too will have the opportunity "to boost their supplies to the global market to meet the rising global demand," said Petroleum and Mineral Resources Minister Ali al-Naimi.
"I expect prices to remain at the same level as last year," said Naimi, who speculated a "two percent" increase in demand this year.
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