The two boards of Venezuela-owned refiner Citgo are fighting over the ownership of $57 million worth of crude oil stranded at sea, Reuters reports, adding the amount of oil in question is 950,000 barrels. According to the report, the first Citgo board, which was appointed by—and is loyal to—the Maduro government in Caracas, had written to the captain of the tanker with the crude to ask that its load be released to Citgo’s parent company, PDVSA. The information, apparently, reached the rival board, appointed in the United States by Venezuelan opposition leader Juan Guaido, and the board filed a request with a U.S. court to declare the first board’s request null. The request argued the oil belonged to Citgo and not PDVSA. Data from Refinitiv Eikon shows that the tanker, Gerd Knutsen, loaded the crude at the Venezuelan port of Jose early this year and was en-route to the […]