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Statoil, Eni, Galp and Total all release third-quarter results this week with the focus likely to be on cost control and dividend coverage.
The agency says 3 million barrels of U.S. crude were depleted this week, and reports show 33 million barrels of global capacity could be shut in due to the storm.
Energy stocks rise even as oil prices give up initial gains.
The oil cartel will reduce energy output at its next meeting in November, according to reports.