October 11, 2016 / 3:02 PM / a year ago

OPEC chief says not targeting specific oil price

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

Mohammed Sanusi Barkindo, Secretary General of Opec speaks during a meeting at the Eni Congress Center in Rome, Italy, September 20, 2016. REUTERS/Remo Casilli/files

“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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