Russia's Novak says sees oil price at $50-$60 in 2017: TASS

Sun Jan 22, 2017 8:45am EST
 
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MOSCOW (Reuters) - Russian Energy Minister Alexander Novak sees global oil prices at between $50 and $60 per barrel in 2017, TASS news agency quoted him as saying on Sunday.

According to Interfax news agency, Novak also said that countries involved in a deal between OPEC and non-OPEC oil producers could reduce their output by more than 1.7 million barrels per day by the end of January.

(Reporting by Polina Devitt; editing by Jason Neely)

 
Russia's Energy Minister Alexander Novak addresses a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016. REUTERS/Heinz-Peter Bader