Venezuela's PDVSA raises prospect of force majeure on oil exports - sources


By Marianna Parraga and Deisy BuitragoHOUSTON/CARACAS (Reuters) - OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil fields and tanker bottlenecks at ports, according to three sources familiar with the matter.

Falling production from Venezuela has contributed to a rally in global oil prices to a near four-year high, and other OPEC members may boost output at a meeting later this month to compensate for the shortfall and other risks to global supplies.Oil.....

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