Chinese demand fuels oil market recovery

Oil prices rose in Asian trading on Wednesday, driven by expectations that major producers will maintain output cuts at a meeting this Sunday. Additionally, the start of the peak summer demand season is anticipated to boost

Union Jack Oil plc announced its audited results for the year ending 31 December 2023. The flagship Wressle project continues to perform well following a workover, installation of a downhole pump, and other significant site upgrades.

Oil prices surged on Monday following confirmation from Tehran that Iranian President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and several other officials died in a helicopter crash in the northwestern province of the country. At 10:44

Union Jack Oil plc (LON: UJO) this week announced the details of a forthcoming dividend payment to shareholders, subsequent to its notification on 17 April 2024. Union Jack Oil’s financial position remains robust, bolstered by the

Oil prices were little changed on Tuesday as investors waited on data this week, including U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries. Brent crude futures fell 18 cents

Union Jack Oil Plc (LON:UJO), has recently declared the Andrews 1-17 well in Oklahoma officially onstream, marking a significant milestone in its operational capabilities. This new development not only underscores Union Jack’s strategic expansion in the U.S. market

Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported higher demand expectations for the world’s two largest crude consuming nations. Brent

Oil futures ended largely unchanged on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Both crude oil benchmarks settled 37 cents, or 0.5%, higher with Brent crude futures at $83.33 a

Union Jack Oil plc, an onshore oil and gas company focusing on the UK and US markets, will participate in the upcoming Sidoti Virtual Investor Conference on May 8-9, 2024. Commercial Advisor Zac Philips will present

Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED

Union Jack Oil announced an update in respect of the Wressle hydrocarbon development located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. David Bramhill, Executive Chairman of Union Jack, commented: ‘Wressle