The OPEC+ group of oil producers is holding firm on measures to boost prices.
On Sunday, members agreed to extend oil output cuts of 2.2 million barrels per day into the second quarter. That’s a bid to support the market amid concerns that flagging global growth could dent demand.
In a surprise move, OPEC ally Russia added to its output curbs.
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.