Pakistan, Jan. 8 -- Top US officials said on Wednesday that Washington plans to control Venezuela's oil sales and revenues indefinitely to stabilise the country's economy, rebuild its oil sector, and ensure its actions align with US interests. The comments come after US forces abducted Venezuelan President Nicolas Maduro in a raid on Caracas, highlighting oil's central role in President Donald Trump's strategy for the nation.

US Energy Secretary Chris Wright told the Goldman Sachs Energy, CleanTech & Utilities Conference that controlling oil sales would allow the US to "drive the changes that simply must happen in Venezuela." He added that revenues could be used to stabilise the economy and eventually repay oil majors, such as Exxon Mob...