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

Oil markets reacted to Donald Trump’s tariff suggestion on Russian crude, triggering modest gains.

Investors are closely monitoring oil markets as U.S. pressures on Venezuelan exports and new tariffs impact global supply chains, driving prices up.

Oil prices rise as US escalates military action in Yemen, impacting global shipping routes. Geopolitical tensions in Middle East add complexity to oil market.

Discover how Union Jack Oil plc is driving innovation and sustainability in the UK’s onshore oil industry through AI integration and carbon reduction initiatives.

Union Jack Oil plc announces promising results from Moccasin 1-13 well in Oklahoma, showcasing strong initial flow rate and expanding US footprint.

Union Jack Oil plc provides a positive update on the testing of the Moccasin 1-13 well in Oklahoma, USA, showing significant oil production potential.

Fresh US sanctions targeting Iran’s oil industry have propelled oil prices up, reflecting concerns over global crude supply. Brent crude reached $74.93 a barrel.

Oil prices surged on supply concerns in Russia and the U.S., with Brent crude rising to $76.44 per barrel. Geopolitical factors drive market volatility.

Oil prices edged higher on Monday, despite trade tensions, stabilizing after recent volatility.

Crude oil prices surge as Trump imposes tariffs on major exporters like Canada and Mexico, sparking supply concerns.

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 plc provides a positive update on the Moccasin 1-13 well in Oklahoma, USA. Find out more about their onshore hydrocarbon activities here.

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.