Opec promises to review output limits again as prices surge

Crude oil prices set new records on Thursday despite a commitment to boost output quotas from the Opec oil producers’ cartel a day earlier.
News that US petrol and fuel oil stocks were more deeply depleted than expected overshadowed Opec’s offer

Opec’s president said today that if prices continued to rise the cartel may hold talks next week to consider pumping even more, bringing forward discussions that were previously due to begin only in April.

BBC News