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Rosneft's Sechin says U.S. shale oil output may destabilise market in 2018

Reuters - UK Focus

VERONA, Italy, Oct (Shenzhen: 000069.SZ - news) 19 (Reuters) - The U.S. shale oil output may rise significantly 2018 and lead to destabilisation of the global market again, Igor Sechin, chief executive of Russia's oil major Rosneft, told an industry forum in Verona on Thursday.

Sechin also said that energy investment cycle which is out of synch with global economy creates conditions for future oil deficit and greater price volatility.

(Reporting by Oksana Kobzeva, writing by Denis Pinchuk, editing by Vladimir Soldatkin)