THINK TANKEVENT: A US federal court yesterday confirmed an order freezing 315 million dollars in a bank account held by Venezuelan state oil company PDVSA, in the context of its contractual dispute with ExxonMobil.SIGNIFICANCE: With global demand supporting oil prices close to 100 dollars per barrel, developments in Venezuela (claiming the world's largest oil reserves with its heavy oil) can exert an impact on the global picture and will be closely watched...
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