September 26, 2018 / 2:31 PM / 20 days ago

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

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.

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

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

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