PdVSA has avoided the seizure of its U.S. oil refining business, Citgo, after the Venezuelan government settled an expropriation case with Crystallex. Venezuela can ill-afford the loss of Citgo’s dollar earnings, particularly given its exports of crude oil to the U.S. fell 23.8% on a year earlier in the 12 months to Sept. 30. PdVSA’s reliance on Citgo as a buyer for its oil has already declined with Citgo’s U.S. seaborne imports of Venezuelan crude oil fell 63.3% on a year earlier in the 12 months to October. That’s only been replaced by those going to Valero which climbed 24.8%...