The problem is: the situation in the end there will be more ugly?

Saudi oil production soared to 10 million 500 thousand barrels / day. The surge in production began in the beginning of this year, is designed to cater to the domestic summer seasonal peak demand, and maintain its global market share.

Previously, once the summer demand weakened, Saudi Arabia will immediately cut the level of output, but this year is different. The country still maintain a high yield, and to accelerate the export in Iran and other countries, and the market share war pushed up production to new highs.
With Iran officials in the recent meeting, Saudi Arabia threatened if no agreement is reached, will further increase the production and export levels.