Coin World News: U.S. Energy Secretary Chris Wright announced on the 7th that the United States will control Venezuelan oil sales "indefinitely." Wright stated that Venezuelan oil sales will be controlled by the U.S. government, including not only inventory but also future sales "indefinitely." Sales revenues will be deposited into accounts controlled by the U.S. government, and these funds can then flow back to Venezuela to "benefit the Venezuelan people." Wright said the U.S. near-term goal is to stabilize and grow Venezuelan oil production by providing heavy crude diluents, spare parts, equipment, and services. He stated that Venezuelan oil production could increase by hundreds of thousands of barrels per day in the coming years, but returning to historical highs would require tens of billions of dollars in investment and a "considerable amount of time." The U.S. will create conditions for large American oil companies to enter Venezuela. The Trump administration is also considering establishing a compensation mechanism for U.S. oil companies investing in Venezuela. (Xinhua News Agency)