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Trump admin to control Venezuelan oil sales in radical shift aimed at restarting crude flow

On HALO

4 weeks ago

Energy Secretary Chris Wright said on Wednesday the Trump administration will oversee the sale of Venezuelan oil and control the proceeds under a new export plan designed to get crude flowing again and stabilize production."Yes, we are trying something radically different," Wright told an audience at Goldman Sachs' annual energy conference in Miami. "Instead of the oil being blockaded as it is right now, we are going to let the oil flow, selling it to U.S. refineries and markets around the world to improve oil supplies."The revelation follows President Donald Trump’s Tuesday evening announceme...