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OPEC chief says it's not targeting a specific oil price

2016Organization of Petroleum Exporting Countries (OPEC) President, Qatar's Minister of Energy Mohammed bin Saleh al-Sada speaks with Secretary General of OPEC Mohammed Sanusi Barkindo (R), during a news conference after an informal meeting between members of the organization in Algiers, Algeria September 28, 2016.
Ramzi Boudina | Reuters

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

"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.

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