OPEC+ committee may discuss new oil deal targets

OPEC+ committee may discuss new oil deal targets

OPEC's Joint Ministerial Monitoring Committee (JMMC) may discuss new metrics for the global oil cuts deal when it convenes in Abu-Dhabi later this week, OPEC Secretary-General Mohammad Barkindo said on Monday, Reuters reported citing TASS.

The group, known as OPEC+, uses certain targets, or metrics, for its deal, such as 5-year average oil stocks in the developed countries.

"This is not on the agenda, but we can discuss it as we will discuss the market situation," TASS cited Barkindo as saying about the targets.

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