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Total’s Chief Executive Patrick Pouyanne is taking a “prudent“ approach to oil prices after 2019 when bottlenecks in U.S. oil infrastructure could be resolved. he told an oil conference in Stavanger. Norway. on Monday.
There are more than a dozen U.S. energy pipelines on the drawing board. some of which are still seeking financing.
The projects would pave the way for greater U.S. oil and gas exports and relieve a bottleneck in West Texas shale fields that is starting to pinch output in the region.
