Venezuela oil exports freeze after U.S. Maduro raid: PDVSA warns of output cuts
Venezuela’s state-run oil company PDVSA has asked some joint ventures to cut crude output as exports remain frozen after U.S. forces captured President Nicolas Maduro in a raid on Saturday, three people close to the decision said on Sunday. The move includes shutting oilfields or well clusters as onshore stocks rise and PDVSA runs short of diluents — light petroleum liquids used to thin extra-heavy crude so it can be shipped. Reuters