Crude oil prices began trading this week with a gain, extending Friday’s rally as news emerged that the U.S. federal government is buying up to 3 million barrels for the strategic petroleum

Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous session but investors remained concerned about sluggish demand and economic slowdowns in the U.S.

Oil prices rose on Tuesday, supported by a weak dollar and expectations that the OPEC+ producer group would deepen and extend output cuts due to concerns over subdued demand. Brent

The Wressle-1 well has been brought back into production at the joint venture within PEDL180/192 oil field in Lincolnshire. Project partners comprise operator Egdon Energy plc (30%), Union Jack Oil

Crude oil prices began the week with gains amid mounting expectations that OPEC+ will deepen voluntary production cuts. Both Brent crude and West Texas Intermediate posted modest gains in mid-morning trade in Asia today,

Licence PEDL253 holders Union Jack Oil plc (45%), operator Egdon Resources Ltd (35.8%) and Montrose Industries Ltd (19.2%) secured permission after Lincolnshire County Council last year rejected their application. The partners will

Union Jack Oil plc has won its appeal before the Planning Inspectorate against the refusal of planning permission by the Lincolnshire County Council for a side-track drilling operation, associated testing