BRIEF-Russia's Novak says $50-60/bbl would be fair oil price - Kommersant

Sept 5 (Reuters) - Russian Energy Minister Alexander Novak told Kommersant-FM radio:

* Oil prices of between $50 and $60 per barrel would be fair for both producers and consumers;

* Tough competition, non-coordinated actions between producers lead to a long period of low oil prices;

* Faster oil market rebalancing benefits everyone. (Reporting by Katya Golubkova)

09/05/2016 11:46

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