By Marco Cacciati for NewsBase What? Citgo’s future still hangs in the balance Why? It is grappling with mounting legal and financial issues What next? Citgo’s woes mirror Venezuela’s oil sector problems The future of Citgo, once a crown jewel in Venezuela’s overseas oil empire, hangs in the balance as the company faces mounting losses and legal challenges. The US-based refiner, grappling with a $25mn loss in the second quarter of 2024 and the looming threat of asset auctions to settle national debts, finds itself in an increasingly precarious position. This dire situation has drawn sharp crit…