The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron , to allow them to operate with limitations in the sanctioned OPEC nation and swap oil,

This development could constitute a departure from the pressure strategy that the US has maintained this year against Venezuela's oil industry.

It‘s no secret that the ongoing trade tariff negotiations between the United States and China have sparked significant volatility and uncertainty in many areas of the market and the global economy alike,