Petroleum exports from Venezuela declined about 4% in March from the previous month as its state-run oil company dealt with crude cargoes returned by customers over poor oil quality, documents and vessel monitoring data showed. A high-level meeting between U.S. and Venezuelan officials in Caracas in early March has opened the doors to talks about a possible easing of sanctions Washington imposed on the OPEC member’s oil industry since 2019. That prospect has state-run oil firm Petroleos de Venezuela (PDVSA) and some foreign companies taking steps in anticipation of higher oil exports. But the export data showed PDVSA is still hobbled by years of mismanagement and lack of basic maintenance to key infrastructure for producing, upgrading, refining, storing and exporting oil. In […]