Venezuela's PDVSA may declare force majeure on crude if clients reject a new plan to ease tanker congestion at its two main export terminals.

Reuters cited three sources as saying the state-owned oil major wants to tackle queues caused by US rival ConocoPhillips freezing its Caribbean operations in a legal dispute.

PDVSA is notifying customers that it will stop receive ships for loading at Jose or Paraguana until it manages to fill vessels already there, a source said.