Oil & gas field profile: Wressle Conventional Oil Field, UK

Oil prices climbed for the second straight session on Monday, fuelled by worries over potential disruptions to supply in the Middle East. This followed intensified Israeli attacks on Hamas, as well as other Iranian-backed forces in

North Lincolnshire Council has granted approval for further development at the Wressle oil and gas exploration site in the UK. The project, situated in the northern region of the country, will see an expansion of the

Oil prices experienced an increase on Monday, driven by growing fears that the escalating conflict in the Middle East might impact the region’s oil supply. At the same time, there is optimism that last week’s decision

Oil prices saw a slight increase during early trading on Monday, driven by expectations of an upcoming interest rate cut by the US Federal Reserve. However, the gains were limited due to the resumption of US

Oil prices experienced a notable rise of nearly 2% on Thursday, driven by concerns about the effects of Hurricane Francine on U.S. oil production. However, the gains were limited by a less optimistic outlook for demand.

Oil prices rose on Monday, spurred by hopes that the US Federal Reserve might lower interest rates, alongside growing tensions in the Middle East. However, concerns about a potential US recession limited further gains in the

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