Washington will manage Venezuelan oil sales for an “indefinite” period

US Energy Secretary Chris Wright said on Wednesday that Washington will manage Venezuelan oil sales “for an indefinite period,” the day after President Donald Trump announced that interim officials in Venezuela had agreed to deliver between 30 and 50 million barrels of oil to the United States.

“We will market the crude oil produced in Venezuela, first this accumulated stored oil, and then over an indefinite period, we will sell Venezuela’s production on the market,” Wright said during an energy event in Miami.