Foreign Power Feb. 27, OPEC Secretary-General Balkin said Wednesday that he agreed to hold an additional meeting in April to assess market reaction.
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He said April would be a good time to assess the market and OPEC would make decisions based on market conditions.
Balkin also said that the implementation of previous production cuts was impressive and believed that it would continue in 2019.
He also said he was concerned about the situation of OPEC’s two major founders and the impact of sanctions, which complicate efforts to achieve and maintain market rebalancing.
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