Can Brazil Help Fill The Supply Gap Left By The U.S. Ban On Russian Oil?

Since President Joe Biden floated the idea of banning oil imports from Russia in response to President Vladimir Putin’s invasion of Ukraine there has been considerable speculation as to which countries can fill the supply gap. In early March 2022 Washington sent an official mission to Caracas to open negotiations with President Nicolas Maduro’s pariah authoritarian regime. The trip sparked fears that Biden’s administration would ease sanctions against Venezuela in a cynical attempt to boost U.S. petroleum supplies thereby easing…