OPEC’s Joint Ministerial Monitoring Committee (JMMC) may discuss new metrics for monitoring oil markets when it convenes in Abu Dhabi later this week, OPEC Secretary-General Mohammad Barkindo said on Monday, according to TASS.
As of now, the cartel uses metrics like the five-year average oil stocks to monitor markets.
Key quote
“This is not on the agenda, but we can discuss it (metrics) as we will discuss the market situation,” TASS cited Barkindo as saying.
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