June 5, 2018 / 11:14 PM / a year ago

Venezuela's PDVSA notifies customers of possible force majeure on crude contracts -source

HOUSTON June 5 (Reuters) - Venezuela’s state-run oil company PDVSA has notified major customers it would declare force majeure on crude contracts unless they agree to accept ship-to-ship transfers, according to people familiar with the matter.

The company also is considering declaring force majeure on all oil shipments from its major Jose port and Paraguana terminals if tanker congestion worsens, the sources said. (Reporting by Marianna Parraga; Editing by Sandra Maler)

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