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May 24, 2018

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela’s Maduro Admits Mistakes, Calls for Oil Investments

May 24, 2018

From Bloomberg Venezuelan President Nicolas Maduro said his government isn’t “doing things well” and needs to boost oil output by 1 million barrels a day as he prepares for another six-year term in the midst of the country’s worst ever economic downturn. “Let’s not lie to ourselves or to anyone, we need to drastically relearn things and to do them

In Full Flow: Pipeline Additive Sales Boom Amid Oil Bottlenecks

May 24, 2018

From Reuters Pipeline bottlenecks have vexed North American oil producers this year, but for companies making a little-known additive called drag-reducing agent (DRA), they have provided a veritable windfall. DRA is injected into pipelines to reduce the contact between the oil and the wall of the pipe, allowing more crude to flow through. It is a tiny but booming business,

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