Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude oil price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey, which was released last week.
The U.S. Treasury has revoked a license for French oil firm Maurel & Prom to operate in Venezuela and is no longer allowing firms to receive oil from Venezuelan state oil firm PDVSA in lieu of payments, as the Trump Administration continues to tighten the screws on Venezuela’s oil industry and exports.
Curious Minds Corner
What is the purpose of “pipeline pigging”?
Pipeline pigging involves using devices called “pigs” to clean and inspect pipelines.