Venezuela's PDVSA oil firm still struggling at Jose port due to power outage

Venezuela's state-run PDVSA oil firm has been unable to resume exports at Jose port, the nation's primary crude-export terminal, following last week's widespread power outage, according to people familiar with the matter.

PDVSA has launched a contingency plan to try and restore power, according to one of the people. The country's crude upgraders, which convert up to 700,000 barrels per day of Orinoco Belt heavy oil into exportable grades, also are operating at minimum levels due to the lack of power, the people said.