August 27, 2018 / 10:53 AM / in 2 months

Total CEO says taking 'prudent' approach to post-2019 oil prices

STAVANGER, Norway, Aug 27 (Reuters) - 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. (Reporting by Shadia Nasralla; editing by Jason Neely)

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