February 27, 2019 / 12:29 PM / 6 months ago

Sanctions against OPEC members complicate efforts: Barkindo

Venezuela's President Nicolas Maduro and OPEC Secretary General Mohammad Barkindo shake hands during their meeting at Miraflores Palace in Caracas, Venezuela January 8, 2019. Miraflores Palace/Handout via REUTERS

RIYADH (Reuters) - OPEC Secretary General Mohammad Barkindo said on Wednesday the group is concerned that sanctions against two of its founding members - Venezuela and Iran - could complicate efforts to re-balance and sustain the oil market.

April will be a good time to assess the market, and take a decision accordingly, Barkindo told Reuters on the sidelines of an oil conference in Riyadh.

Reporting by Marwa Rashad; writing by Nafisa Eltahir; editing by Jason Neely

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