Venezuela Oil Czar Courts India After $20 Billion U.S. Hit

Manuel Quevedo, who’s also the head of state producer Petroleos de Venezuela SA, said on Monday his nation wants to sell more crude to India, and that U.S. measures have resulted in a $20 billion loss to the Latin American country’s economy.PDVSA is seeking to retain buyers in other big consuming countries such as China after American refiners halted purchases.