Oil futures steady as ceasefire between Hamas and Israel remains elusive

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 &

Oil prices saw an increase on Tuesday, continuing the previous day’s rally. This rise was attributed to expectations of higher seasonal fuel demand and potential U.S. crude purchases to replenish its petroleum reserve, despite the gains

Oil prices continued to rise on Thursday, bolstered by growing expectations of an interest rate cut from the U.S. Federal Reserve in September. This potential rate cut provided support despite being tempered by an OPEC+ plan

Union Jack Oil plc, a UK-based onshore oil and gas exploration and production company, has made significant strides in developing domestic energy resources. Since its inception in 2011, the company has focused on acquiring and developing

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