Russia’s Novak Says 2017 Oil Price May Average $50 P/B Price ‘more or less’ steady, may only average $55 in 2017: OMV Crude is stabilizing around $50 a barrel and may only average $55 next year as the global oversupply continues to cap prices, according to two of the world’s top oil executives. The past few weeks have seen prices “more or less” steady at around $50, Rainer Seele, chief executive officer of Austria’s OMV AG, said Thursday in an interview in St. Petersburg. Central Europe’s largest oil company forecasts crude will […]