Opec oil ministers may hold an informal meeting in Amsterdam next week to discuss the possibility of raising the cartel's production ceiling as world oil prices are skyrocketing, the Opec president said in a press release Wednesday.
In London, oil prices soared to new 13-year high points on Wednesday. The price of benchmark Brent North Sea crude oil for June delivery rose 11 cents to 37.47 dollars in early London trading.
Indonesian Oil Minister Purnomo Yusgiantoro, who is president and secretary general of the Organisation of Petroleum Exporting Countries, said the ministers would seek on the sidelines of an International Energy Forum (IEF) meeting in Amsterdam "to review the world oil market situation".