VERONA, Italy (Reuters) - A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia’s Rosneft, Igor Sechin, said on Thursday. ... lees verder

Oct 19 (Reuters) - Genel Energy, one of a handful of foreign oil producers in Iraqi Kurdistan, managed to increase cashflow in the third quarter after renegotiating export payments with the Kurdistan Regional Government (KRG). Unrestricted cash balances ... ... lees verder

SINGAPORE (Reuters) - Oil prices were firm on Thursday, supported by ongoing supply cuts led by OPEC, tensions in the Middle East and lower production in the United States as a result of hurricane-enforced closures. Brent crude futures LCOc1, the ... ... lees verder

Some of the world’s biggest oil traders warned on Wednesday that geopolitical risks have risen to the highest level in years, supporting prices that have climbed towards $60 a barrel. Ian Taylor, the chief executive of Vitol — the world’s largest ... ... lees verder

Brent oil prices could tumble more than 20% by 2018, as U.S. output surges and adds renewed pressure on an oil market that is already battling with a persistent oversupply, according to Ian Taylor, chief executive officer at Vitol Group, the world’s ... ... lees verder

CALGARY, Alberta (Reuters) - Canada’s oil sands producers are stuck in a rut. The nation’s oil firms are retrenching, with large producers planning little or no further expansion and some smaller projects struggling even to cover their operating costs. ... lees verder

MELBOURNE, Australia--BHP Billiton Ltd. (BHP.AU) said work is underway to exit its U.S. onshore oil-and-gas assets, after it sold a small portion of its Hawkville shale acreage in Texas in the recent quarter. As expected, the Australian resources company ... ... lees verder

What might it take for oil prices to hit $60 a barrel? That is the question the oil industry is asking this week, after the move by the Iraqi army to occupy oilfields once held by Kurdish forces appeared to barely register in markets, despite the country ... ... lees verder