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Will Citgo’s US refineries be seized by creditors?

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Listen: Will Citgo’s US refineries be seized by creditors?

Venezuela is in the midst of an economic collapse, its political future remains uncertain and Citgo appears unlikely to be able to pay a more than $900 million bond payment due later this month.

Could creditors soon seize Venezuela's core foreign asset, including three major crude oil refineries in the Gulf Coast and Midwest? Will the Trump administration issue an executive order to protect Citgo from its many creditors?

On this week's Platts Capitol Crude, Risa Grais-Targow, the Eurasia Group's director for Latin America, talks about Citgo's path forward as it struggles to manage billions of dollars in debt, why the Trump administration may revoke a license granting bondholders control of the company and Venezuela's declining status in the global oil market.

Related coverage: Venezuelan oil output could be halved without Chevron waiver extension: analysts