Oil prices rebound from 7-day losing streak

Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a surge in globalCOVID-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains.

Brent crude futures climbed 60 cents, or 0.9%, to $65.78 a barrel by 0158 GMT, after hitting the lowest level since May 21 of $64.60 earlier in the session.

U.S. West Texas Intermediate (WTI) crude futures for October rose 53 cents, or 0.9%, to $62.67 a barrel, recovering from $61.74, the lowest since May 21, touched in Asia’s early trade.

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.

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Union Jack Oil Plc (UJO)

Oil prices jump

30th November 2022

Crude oil prices jumped on Tuesday ahead of the next OPEC+ meeting as the group dispelled earlier rumors that it could agree to increase crude oil production at its next meeting. The cost of Brent crude rose $2.07 by 9:45

Oil prices rise

25th November 2022

Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures were up $1.29, or 1.5%, to trade

Union Jack achieves net revenues of US$11,000,000 at Wressle

14th November 2022

Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, has announced that material landmark net revenues of US$11,000,000 have been achieved from the Wressle hydrocarbon development, located within licences PEDL180

Oil jumps by over 2%

11th November 2022

Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID curbs. Brent crude futures rose $2.39, or 2.6%, to $96.06 a barrel by

Union Jack Oil Wressle production has been transformational

8th November 2022

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company, notes that Egdon Resources plc, has published its preliminary results for the year ended 31 July 2022 and provided operational commentary on a

Oil climbs as dollar slips

4th November 2022

Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. Brent crude futures were up $1.84, or 1.9%, to $96.51 a barrel at 0740

Union Jack Oil maiden special dividend declared and share buy-back programme

24th October 2022

Union Jack Oil plc (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company, has today declared a Maiden Special Dividend, announce a Share Buyback Programme and confirm details of the Company’s Capital Allocation and Distribution Policy. The

Union Jack Oil loan paid back by Europa Oil & Gas

19th October 2022

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company, has today announced that in accordance with the terms of the loan facility and charge agreements executed between Union Jack and Europa Oil &

Oil climbs

17th October 2022

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Brent crude futures rose 81 cents, or 0.88%,

Union Jack increases stake in Egdon

13th October 2022

Union Jack Oil has increased its interest in one of the UK’s leading onshore shale gas companies by buying an extra 4 million shares. The purchase brings Union Jack’s holding in Egdon Resources to 17 million shares, representing

Union Jack Oil net revenues of US$10,000,000 achieved at Wressle

4th October 2022

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company, has announced that material landmark net revenues of US$10,000,000 have been achieved from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182

Crude prices rally

3rd October 2022

Oil prices jumped more than three percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. WTI climbed 3.5 percent to $82.27 and Brent piled on 3.4 percent to $88.01 ahead of

Union Jack Oil CPR signals a highly valuable onshore project at West Newton

29th September 2022

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company, has provided summary details from a Competent Person’s Report, dated September 2022, prepared by RPS Energy Canada Ltd evaluating the resources of PEDL183,

East Yorkshire drillsite will produce enough gas for 380,000 homes

26th September 2022

An update from exploration company Rathlin Energy (UK), which has been involved with the site near Burton Constable Hall for over a decade, indicates there will be “less oil production” than previously thought. They plan to install a

Union Jack Oil West Newton commercial production could start as early as 2026

23rd September 2022

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company, notes the West Newton Community and PEDL183 update presented to the West Newton Community Liason Group by Rathlin Energy (UK) Limited on 23 September

Oil price creeps higher

20th September 2022

Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic

Oil prices rise today

13th September 2022

Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s biggest crude importer, and further increases in U.S. and European interest

Union Jack Oil Gaffney Cline report shows upside potential