Will Biden Lift Sanctions On Venezuelan Oil?

The severe energy crisis which emerged after Russian President Vladimir Putin’s decision to invade Ukraine is causing energy prices to soar. This couldn’t have come at a worse time for a global economy that is struggling to recover from a devastating pandemic and is now confronted by the threat of surging inflation. A marked decrease in hydrocarbon supplies caused the international Brent oil price to surge by 42% since the start of 2022 to be selling for over $93 per barrel, while natural gas has gained a whopping 39% be $5.20 per million…