OPEC Chief Says not Targeting Specific Oil Price

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OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina (Copyright Reuters 2016)

OPEC is not interested in or targeting a specific oil price, its Secretary General Mohammed Barkindo said on Tuesday.

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"It's not an issue of price at the moment. Until we get the market to rebalance we will not be able to achieve a fair price," Barkindo said at the World Energy Congress in Istanbul.

(Reporting by Rania El Gamal; Writing by Nick Tattersall)

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