U.S. Energy Secretary Chris Wright said Wednesday (January 7, 2026) that Washington will control sales of Venezuelan oil “indefinitely”, a day after President Donald Trump announced Venezuela’s interim leaders had agreed to U.S.-managed marketing of 30-50 million barrels of crude.

​Dangerous paradigm: On Trump, Venezuela and unhinged depredation

“We’re going to market the crude coming out of Venezuela, first this backed up stored oil, and then indefinitely, going forward, we will sell the production that comes out of Venezuela into the marketplace,” Mr. Wright said at a Goldman Sachs energy event in Miami.

This is a developing story. Please visit later for more updates