Venezuela has not been able to import all the crude and fuel it needs this year to cover shortfalls at oilfields and refineries as state-run PDVSA struggles to pay suppliers on time, according to trade sources and internal company data seen exclusively by Reuters. The decline is the largest in five years as the worst economic crisis in decades undermines PDVSA’s ability to buy oil imports, which fell 21 percent in the first seven months of this year to 154,465 barrels per day (bpd), the data showed. Venezuela is also on track to suffer its steepest annual oil output drop in 14 years after years of state mismanagement and under investment. Risk-averse suppliers are refusing to discharge cargoes to cash-strapped PDVSA without being paid first, unusual in an industry in which buyers normally have 30 to 60 […]