JEDDAH, Saudi Arabia - Saudi Arabia and other producers with oil to spare could agree to raise output at an emergency meeting of energy powers here today.

Riyadh summoned energy producers, consumers and chief executives from big oil firms to meet here today as oil prices have more than doubled in a year to almost $140 a barrel.

Saudi Arabia has said it will raise its crude output to 9.7 million barrels per day (bpd) in July.

"The short-term policies to be discussed include the proposal that those OPEC countries that have spare capacity should boost supply, just like Saudi Arabia has announced it will do in July," a senior Gulf OPEC official told Reuters.

The source also said Saudi Arabia would consider increasing its capacity beyond an existing goal of 12.5 million bpd by the end of next year.

Kuwaiti Oil Minister Mohammad al-Olaim told Reuters he had no plans to raise output ahead of the talks, but would consider options afterwards.

Libya's top oil official Shokri Ghanem said the market had more than enough crude.

Saudi Arabia's King Abdullah will open the meeting today, followed by an address by Britain's Prime Minister Gordon Brown, the highest-level foreign dignitary to attend.

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