Oil prices show modest gains amid uncertainty in China and the Middle East

On 19 September, the Uruguayan state-owned oil company ANCAP, which oversees offshore licences, gave its approval to Challenger Energy’s farmout agreement for the AREA OFF-1 licence with Chevron. The agreement had initially been announced on 6

Challenger Energy’s farmout agreement with Chevron for the offshore exploration license AREA OFF-1 has received approval from Uruguay’s regulator, ANCAP. The agreement, which was initially announced in March, marks a significant step for both companies in

Challenger Energy has secured approval from Uruguay’s state-owned oil company and regulator, Ancap, for its farm-out agreement with Chevron regarding the AREA OFF-1 licence. Originally announced in March 2024, the deal was subject to regulatory consent,

Challenger Energy’s farm-out of the AREA OFF-1 licence to Chevron has received approval from Uruguay’s state-owned oil company, Ancap. This move will make Chevron the operator of the block, acquiring a 60% stake, while Challenger, through

Producers and consumers need to cooperate to maintain global gas supply security in light of escalating geopolitical tensions, as highlighted in a new IEA report. The demand for natural gas is growing faster in 2024 compared

Oil prices increased on Thursday as concerns about a potential escalation of conflict in the Middle East took precedence over the outlook for stronger global supply. This heightened apprehension about crude oil flows from the region,

Uruguay’s state-owned oil company and regulator, Ancap, has approved Challenger Energy’s farm-out of the AREA OFF-1 licence to Chevron. The approval, granted in March 2024, marks a major step forward for the partnership between Challenger Energy

Oil prices experienced a modest rise on Monday, following last week’s U.S. interest rate cut and a reduction in crude supply caused by Hurricane Francine. These factors balanced out weaker demand from China, the world’s largest

Oil prices rose slightly in Asian markets on Monday, driven by expectations of a U.S. interest rate cut. However, these gains were limited by ongoing concerns about demand and weak economic data from China. Brent crude

Oil prices saw an increase on Thursday as concerns arose over possible supply disruptions in the United States due to Hurricane Francine. The storm, which made landfall along the US coast, continues to move further inland,

Oil futures experienced a near 1% increase on Monday, as an approaching hurricane in the U.S. Gulf Coast region helped prices recover after significant losses the previous week. Brent crude rose by 67 cents, reaching $71.73

Oil prices stabilised on Thursday, showing slight gains after hitting multi-month lows. This upward movement was driven by a potential delay in production increases from OPEC+ and a significant decline in U.S. oil inventories. However, lingering

Oil prices saw a modest recovery on Thursday after two consecutive days of decline, as concerns about supply disruptions in Libya resurfaced. Brent crude futures inched up by 3 cents to $78.68 a barrel, while U.S.

Oil prices experienced a significant rise of approximately 3% on Monday, driven by reports of a near-total halt in production in Libya, which added to existing concerns about potential disruptions in Middle Eastern oil supplies. By

Oil prices stabilised on Thursday after a drop in U.S. fuel inventories provided some support, following four consecutive days of decline driven by investor concerns over global demand. By 1330 GMT, Brent crude had risen by

Oil prices continued their upward momentum for the fifth consecutive session on Monday, building on the previous week’s gains of over 3%, as concerns about a US recession subsided and ongoing geopolitical tensions in the Middle