June 12 (Bloomberg) -- Prime Minister Gordon Brown said he will press oil producing countries to increase supply at a meeting this month in Saudi Arabia as he seeks to protect British consumers from rising energy prices and food costs.

``Every single government is now under pressure because of energy and food prices,'' Brown said today at a press conference in London. ``People's standard of living has been affected by this. That's why the dialogue with oil producers is essential.''

The Organization of Petroleum Exporting countries said yesterday that it wants a ``solution'' to record oil prices and an examination of the role of speculators in financial markets when delegates from oil consuming and producing countries meet on June 22 in Jeddah, Saudi Arabia.

Morgan Stanley and Goldman Sachs Group Inc., which this month issued forecasts for oil rising to $150 a barrel, have been asked to attend the meeting, which was called by Saudi Arabia. Oil futures in New York touched a record $139.12 a barrel on June 6 and traded as high as $135.20 today.

Brown said today he will attend the meeting and that he told the Saudi Arabia's King Abdullah that he would be ready to host a follow-up conference in London.

``If we're going to affect the price of oil there's got to be a better understanding of demand and supply,'' Brown said at his monthly press conference in London. ``There are issues of supply. It is not easy for investors in some countries to develop the oil industry. I see this dialog being very wide-ranging.''

To contact the reporters on this story: Mark Deen in London at markdeen@bloomberg.net

Last Updated: June 12, 2008 06:08 EDT