Will Geopolitical Pressure Push Biden To Lift Sanctions On Venezuela?
Posted on AllSides May 16th, 2023
From The Center
ENERGY INTELLIGENCE
ANALYSIS
Energy prices in Europe were trending downwards in March, but OPEC's production cut at the beginning of April has renewed pressures as winter approaches.
In 2022, following Russia's invasion of Ukraine, finance ministries across the continent doled out vast energy subsidies to head off a precipitous drop in living standards and recession.
They will now struggle to repeat the same generosity in the context of high interest rates and jumpy financial markets.
