Challenger Energy identifies ‘1-2 billion barrel’ prospects in Uruguay

Crude oil prices have started the week with gains, buoyed by hopes of a rate cut and recovering from a second consecutive weekly loss posted last Friday. The significant news at the beginning of the week

Oil prices surged about 2% on Wednesday, driven by a larger-than-anticipated decline in U.S. crude stockpiles and a weaker U.S. dollar, which outweighed concerns about slower economic growth in China. Brent futures increased by $1.35, or

Oil prices remained stable on Monday, influenced by political uncertainties in the US and the Middle East, which supported prices despite the downward pressure from a stronger dollar and weak demand from China, the leading importer.

Oil prices saw an increase on Wednesday following a significant jump in U.S. refining activity last week. This activity led to a larger-than-expected decline in gasoline and crude inventories. However, the gains were limited because there

Oil prices rose on Monday, driven by forecasts of a supply deficit from peak summer fuel consumption and OPEC+ cuts, despite global economic challenges and increased non-OPEC+ output. Brent crude futures reached $85.53 a barrel, while

Oil prices experienced a rise during Asian trade on Friday, positioning themselves for a third consecutive weekly increase. This uptrend is supported by growing expectations that the U.S. central bank will soon begin to cut interest

Oil prices saw a slight increase on Monday as traders balanced the anticipated rise in summer demand and geopolitical tensions against the impact of a stronger dollar. By 0850 GMT, Brent crude futures had risen by

Crude oil futures saw little change on Friday but were poised to increase for a second consecutive week, driven by signs of rising demand and declining oil and fuel inventories in the United States, the world’s

On Monday, oil prices experienced a significant surge, reaching their highest settlement levels in over a month. This increase, which added to the previous week’s gains, was driven by investor optimism regarding future demand. U.S. West

On Monday, oil prices surged by approximately 3% to reach a one-week high. This increase was driven by optimism regarding rising fuel demand during the summer months, despite the presence of a stronger U.S. dollar and

Oil prices rose by 1% on Wednesday, bouncing back from four-month lows. This increase was driven by optimism that the U.S. Federal Reserve might cut interest rates in September, despite concerns over demand following reports of

The basins of interest stretch from the Pelotas of southern Brazil and Uruguay, through Punta del Este and into North Argentina. Historically, this region has seen limited exploration, with relatively few wells drilled across its expansive

Crude oil prices rose earlier today ahead of the OPEC+ meeting scheduled for Sunday. Most analysts anticipate that the group will maintain production cuts of approximately 2.2 million barrels per day throughout the second half of

Oil prices edged higher in Asian trading on Monday. This followed gains the previous week, driven by the prospect of interest rate cuts by the U.S. Federal Reserve and increasing demand from major importer China, which