September 26, 2018 / 2:31 PM / a year ago

OPEC, non-OPEC states can comply fully with oil output deal by year end: Russian minister

FILE PHOTO: Russian Energy Minister Alexander Novak addresses the media after the talks with U.S. Energy Secretary Rick Perry in Moscow, Russia September 13, 2018. REUTERS/Sergei Karpukhin/File Photo

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Wednesday that OPEC and non-OPEC countries were able to reach 100 percent compliance with the global deal to curb oil output.

Novak said that oil prices of between $70 and $80 were balanced, and that OPEC and non-OPEC countries had the ability to increase output in the event of an oil deficit on the market.

Reporting by Vladimir Soldatakin; Writing by Gabrielle Tétrault-Farber; Editing by

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below