Worldwide oil prices have rapidly increased by towering amounts but the rise in OPEC output will not stop this number from growing.  The ascend is determined by demand, the chief executive of French oil major Total said on Sunday.

Christophe de Margerie, durring an energy conference in Abu Dhabi, capital of UAE, said that the world is just recovering, it would have been better if the prices would not go too high and too quickly.

He said that oil market has been confident because there is growing demand in emerging markets, and the demand is higher than expected.

Brent crude increased above $99 a barrel on Friday in New York, achieving 5.73 percent on the week.  US crude oil for February delivery increased 14 cents to patch up at $91.45 per barrel.

Last week, a Reuters poll showed U.S crude oil is anticipated to reach $100 a barrel in the first quarter of the year. However, a new record of more than $147 is less possible.

When asked if OPEC should increase their production, de Margerie answered it may not help hold back the elevating prices.

He explained that it is difficult because there is no shortage in oil and the increase in oil prices today are driven by the market. In addition, he mentioned that high oil prices which are too high would not be well received by consumers.

Iran’s oil minister Masoud Mir Kazemi said on Sunday that there are no OPEC countries that have requested an emergency meeting to confer the increasing price of crude. He also called the $100 oil as a real price and that it was not a matter of concern for the producers.