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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.