ConocoPhillips says Venezuelan flow off
ConocoPhillips, the largest U.S. oil refiner, said Wednesday that shipments from Venezuela haven't returned to normal after a December strike disrupted exports. But Venezuela has said its oil exports are normal.
The company said shipments of a grade called Merey are still low. ConocoPhillips wouldn't say whether a second grade it imports is also below normal.
"We will receive 13 shipments of Merey oil May through June," said Linsi Crain, a spokeswoman for ConocoPhillips in Houston. "We normally receive nine shipments a month."
State oil company Petroleos de Venezuela said it began honoring contracts for oil shipments from its eastern region on Feb. 25 and was able to meet all contracts on March 5.