January 24, 2018 / 12:20 PM / 10 months ago

OPEC, non-OPEC producers expect oil market balance in third quarter or fourth quarter: Russia's Novak

FILE PHOTO: Russian Energy Minister Alexander Novak addresses a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. REUTERS/Heinz-Peter Bader

MOSCOW (Reuters) - The OPEC and non-OPEC countries involved in a global deal to reduce oil output expect the market to return to balance in the third or fourth quarter of the year, RIA Novosti news agency quoted Russian Energy Minister Alexander Novak as saying on Wednesday.

Reporting by Denis Pinchuk; writing by Gabrielle Tétrault-Farber; editing by Jason Neely

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