Citgo Considers Buying Venezuela Oil Again Amid Pending Sale

Citgo Petroleum Corp., the US refiner indirectly owned by Venezuela, may emerge as one of the biggest beneficiaries of President Donald Trump’s plan to bring millions of barrels of the country’s oil to the US.

The refiner — a US-based subsidiary of Venezuela’s state-owned oil company — is considering resuming purchases of the South American country’s oil for the first time since US sanctions cut off its supply in 2019, according to people with knowledge of the situation.

Any purchases will depend on whether prices are competitive with alternatives such as Canadian oil, one of the people said, ...