January 22, 2017 / 1:47 PM / a year ago

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

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.

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

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

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