Oil up 2% as war rages in Middle East

Oil prices increased on Thursday, driven by speculation that the OPEC+ group might delay planned production increases. This potential shift has heightened concerns about supply constraints, further boosting oil prices. The ongoing fears of a recession

Union Jack Oil plc is positioning itself as a prominent player in the energy sector, both in the UK and the USA. The company’s recent strides in Oklahoma highlight its potential and commitment to broadening its

Union Jack Oil, a company focused on onshore hydrocarbon production and exploration in the UK and USA, recently provided a positive update on its strategic expansion into the USA. The company is making rapid progress in

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

Oil prices saw a rebound of 1% on Tuesday, recovering from the previous session’s losses. This increase was driven by concerns over supply due to escalating conflict in the Middle East, stronger data from the US

Oil futures rebounded more than $1 a barrel from seven-week lows on Wednesday following the assassination of Hamas leader Ismail Haniyeh in Iran. This incident has heightened tensions in the Middle East, though concerns about weak

Crude oil prices began the week on an upward trend after a rocket strike on the Golan Heights rekindled fears of conflict escalation in the Middle East. Although prices remain near a six-week low, the trend

Oil prices increased in Asia on Monday as investors closely monitored signs that the US might start reducing interest rates as early as September. By 0651 GMT, Brent crude futures had risen by 32 cents (0.39%)

Oil prices continued their upward trend on Thursday, driven by a larger than expected decline in US crude inventories, the world’s largest oil consumer. Brent futures increased by 41 cents, or 0.5%, reaching $85.49 per barrel

Oil prices maintained their stability on Monday, despite facing downward pressure from a stronger U.S. dollar and worries about demand in China, the world’s largest importer. The dollar strengthened as investors speculated that the recent attack

Union Jack Oil plc has commenced drilling its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. The operator, Reach Oil & Gas Company Inc, anticipates that the drilling of Andrews 2-17

Oil prices climbed on Monday, bolstered by forecasts of a supply deficit due to peak summer fuel consumption and OPEC+ cuts in the third quarter. Despite this, global economic headwinds and rising non-OPEC+ output limited the

Oil prices climbed in Asian trading on Friday, marking a third consecutive weekly increase. This rise is driven by growing expectations that the US central bank will soon lower interest rates, coupled with strong complex refining

Oil prices experienced a slight increase on Wednesday, despite an unexpected rise in U.S. gasoline supplies, as investors expressed concerns about potential disruptions in crude supplies from the Middle East due to escalating tensions in Gaza.

Oil futures experienced an upward trend on Thursday following the U.S. Energy Information Administration’s (EIA) report of a decline in crude oil inventories and data indicating a cooling jobs market. These factors have led to speculation

Union Jack Oil plc has acquired a 45% working interest in the Rogers enhanced oil recovery project and associated leases located in Seminole County, Oklahoma, USA. This purchase from current partner and operator, Reach Oil &