Oil prices jump on large inventory draw

Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent crude futures rose 36 cents, or 0.44%, to $82.89 a barrel

Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT.

Union Jack Oil, a company specialising in onshore hydrocarbon production, development, and exploration in the UK and US, has entered into two additional farm-in agreements with Reach Oil & Gas Company, building upon the announcement made

Union Jack Oil plc has signed further two farm-ins, following the West Bowlegs deal, for projects in Oklahoma, USA. The first is to acquire a 75% working interest in a well planned to be drilled in a high

Union Jack Oil plc has signed a farm-in agreement to acquire a 45% working interest in a well planned to drill test the West Bowlegs prospect in Seminole County, Oklahoma. The company last month announced it

Crude oil futures rose for a third day after prospects for a truce in the Israel-Hamas war seemed to diminish and as slowing U.S. production eased worries that the market is oversupplied. The West Texas Intermediate contract for

Union Jack Oil, the majority investor in the Wressle onshore site in North Lincolnshire, has announced its first move into the US. In a statement today, the company said it had bought three mineral royalty packages

Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red

Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 .  Union Jack Oil plc (40%), which reported it had US$18 million revenue generated

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.

Union Jack Oil PLC (LON:UJO), a key player in the oil industry listed on the AIM market, has reported a significant revenue generation from its Wressle field. The returns have surpassed $18 million net since the

Oil prices rose after Britain and the United States carried out military strikes against targets in Houthi-controlled areas of Yemen, as tensions in the Red Sea mount further. Global benchmark Brent was trading around 4% higher