Venezuela’s Creditors Oppose Stay Of $5.8B Oil Shares Auction Appeal

( October 9, 2026, 12:11 PM EDT) -- PHILADELPHIA — Creditors of the Bolivarian Republic of Venezuela seeking to collect on debts collectively worth billions of dollars filed briefs in the Third Circuit U.S. Court of Appeals on Oct. 8 opposing Venezuela’s motion to hold in abeyance its appeal challenging the court-ordered sale of CITGO Petroleum Corp., which Venezuela indirectly owns, for $5.8 billion to satisfy its debts, based on changes in its government and in U.S. foreign policy, while unsuccessful bidders for Venezuela’s assets support a pause....