Russia’s Novak sees Brent in range $45 to $55/ barrels in 2018

More comments of note from the Russian Energy Minister Alexander Novak, as he continues to speak on the OPEC output cut deal and oil price outlook.

Key Points via Reuters:

He was asked about possible adjustment to the global deal to cut oil production and replied all is possible

We will consider possibility of extending global oil cut deal if market is imbalance

Sees Brent in range $45 to $55/ barrel in 2018