Spanish Repsol is suspending fuel shipments to Venezuela due to fears that it could violate the US sanctions against the Latin American nation, according to Reuters . The fuel was provided by Repsol to Venezuela in exchange for crude oil. Repsol and Venezuela began the product swaps since late 2018, and have continued the arrangement until now, despite the sanctions that have been in place for months. Those sanctions ban the use of US financial institutions to conduct oil business with PDVSA. It is unclear whether this suspension will eventually become permanent, according to Reuters sources, pending the outcome of talks between Repsol and Washington. The complicated relationship between Repsol and PDVSA is contributing to the growing stockpile of tankers lingering off the Port of Jose—Venezuela’s largest port. At least two tankers chartered by Repsol—laden with PDVSA crude oil—have been sitting off the Venezuelan coast for more than a […]