Saudi Arabia has defined its commitment to increase oil production regardless of tariffs on raw materials. The production will be of interest to power even if the price per barrel drops to $ 20. The oil Minister of Saudi Arabia Ali al-Nayami reported that the organization of countries-exporters of oil (OPEC) does not intend to reduce production of energy no matter what price shocks. By such methods it was going to knock out weak market investors, whose budgets and production technologies do not allow you to survive long periods of tariff reductions on resources. "Wherever cost reduction of production in the interests of OPEC producers. If it drops to 20, 40, 50 or 60 dollars, it has no relation to reality," TASS quoted the head of the Ministry of oil of Saudi Arabia. Power is a kind of locomotive reduce the cost of black gold, other OPEC members simply support the selected course. Ali al-Nayami reported that the world may never see oil at $ 100 a barrel. Similar routes power expects to reduce competition in the energy market. "If Saudi Arabia will reduce the production cost will go up, and the Russians, the Brazilians and the creators of oil shale in the United States will take my share," said oil Minister Ali al-Nayami. According to his estimates, budgets of the States of the Persian Gulf ready to endure long periods of lower prices. The cost of production in the region is four-five dollars per barrel. According to the assessment of the Minister, will be hit first offshore projects in Brazil, States of West Africa and the Arctic. "And ever much they may have experienced at the end of their economic opportunities will force them to reduce production," the Minister said. "We want to tell the world that the only power with high efficiency of oil production deserve a share of the market," said Ali al-Nayami. Specialist energy hedge Fund Again Capital John Kilduff personal research on the basis of movements in the oil also came to the conclusion that Saudi Arabia demonstrates a willingness in the presence of buyers to sell more oil at any appropriate value. "It seems their strategy is to do away with all the weak players on the market that are not able to survive when oil prices below $ 60 per barrel or below 50 dollars," he said.