ConocoPhillips seeks to keep priority as creditor in Citgo auction By Reuters
HOUSTON (Reuters) – ConocoPhillips (NYSE:) has filed a court motion to preserve the U.S. oil producer’s almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company. Citgo is the only asset of PDV Holding, which a U.S. district court in Delaware has found...