UJO

Union Jack Oil

Oil surges with stronger equities

Oil jumped the most since June alongside a rally in broader equities markets, boosted by expectations of U.S. crude stockpiles extending their streak of declines. Futures in New York surged

Union Jack Oil

Union Jack Oil updates on North Kelsey prospect

Union Jack Oil plc (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company, has noted the positive announcement made today by the Operator in respect of PEDL241 containing the

Union Jack Oil

Chinese demand fuels oil market recovery

Following last week’s price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week’s price rally. Traders are also expecting deeper OPEC+

Union Jack Oil

Oil edges up today

Crude oil prices nudged higher on Monday as storms bore down on the Gulf of Mexico, shutting more than half the region’s oil production, although gains were capped by ongoing

Union Jack Oil

Signs suggest a positive week for oil prices

Crude markets are trading in a tight range around the Brent $45 mark with little progressive news flow on the macro front.  This week’s inventory data was supportive, but the next significant

Union Jack Oil

Global oil production increases in July 2020

Global liquids production in July increased significantly by 1.29 million barrels per day (bpd) to average 88.75 million bpd, the Organization of Petroleum Exporting Countries (OPEC) said in its report

Union Jack Oil

Oil prices rise 1%

Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S.

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