There is enough oil supply in the global market to make up for potential fuel disruptions due to U.S. oil producer ConocoPhillips’ legal actions against Venezuelan state oil company PDVSA, a State Department spokesman said on Wednesday. “The U.S. Department of State remains in contact with our partners in the Caribbean to reduce the risk of supply disruptions,” Vincent Campos, spokesman for the Bureau of Energy Resources at the department, told Reuters. “There is sufficient oil supply in the global market that countries can access,” Campos said, adding that the United States was an increasing oil exporter to the region. Conoco said on Tuesday it was far from collecting the full value of a $2 billion arbitration award against PDVSA, after the American oil major won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao. Three Curacao state-run utilities said […]