Oil climbs as US reduces its production forecasts for the next 2 years

Oil markets remain resilient amid geopolitical tensions. Prices edged up on Monday despite supply concerns, with Brent crude reaching $78.88 a barrel.

Union Jack Oil plc ventures into Seminole County, Oklahoma with the Moccasin 1-13 well, showcasing strategic growth in the energy sector.

Union Jack Oil advances growth strategy with key developments in Oklahoma, targeting untapped reserves for value creation and sustained growth.

Oil prices are soaring due to cold weather and anticipation of stricter oil sanctions. Market dynamics are shifting, with Brent crude reaching $76.73 per barrel.

Oil prices gained modest ground as 2025 began, reflecting cautious optimism among investors analysing China’s economic outlook and fuel demand. A commitment from Chinese President Xi Jinping to implement growth-focused policies has prompted speculation about potential

Union Jack Oil’s success in the US market in 2024 is catching investors’ attention. The partnership with Reach Oil and Gas shows great promise for growth.

Oil prices rose by 1% on Wednesday, driven by expected demand from China after Beijing’s new stimulus plans.

Union Jack Oil, a company focused on onshore hydrocarbon production, development, exploration, and investment in the UK and USA, has shared a promising drilling update regarding the Taylor 1-16 well in Seminole County, Oklahoma. Union Jack

Union Jack Oil’s chair, David Bramhill, remains optimistic about the Wressle oil field despite setbacks and denied extension, emphasizing long-term potential.

Union Jack Oil shares positive update on Taylor 1-16 well in Seminole County, Oklahoma, showcasing promising results in the Hunton Limestone interval.

Union Jack Oil plc announced encouraging developments in the Taylor 1-16 well in Seminole County, Oklahoma. The well, drilled by operator Reach Oil and Gas Inc., has revealed a high-quality hydrocarbon-bearing reservoir, with two additional potential

Union Jack Oil plc (LON: UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced a positive drilling update in respect of the Taylor 1-16 well, located in Seminole County,

Oil prices surged over 2% on Monday following a decision by OPEC+ to delay an increase in production plans by one month. This adjustment in output comes amid anticipation surrounding a significant week in global events,