Oil prices have risen for sixth consecutive weeks, notching an 11% gain for crude during the rally. While a pullback could occur — the oil trade was close to flat

Union Jack Oil plc (LON:UJO), a UK focused on-shore hydrocarbon production, development and exploration company is pleased to announce that it has conditionally agreed to sell its 7.5% interest in

International oil prices will average $75 a barrel in 2019, and consumers may find themselves contending with bouts of $80 crude this summer, RBC Capital Markets said. The global investment

Oil rose on Monday, building on its largest first-quarter gains in nearly a decade, as tight supply and positive signs for the global economy supported prices. Brent crude for June

Hedge funds are buying oil once again after a pause earlier in March, signalling returning optimism about U.S. – China relations and subsiding concern about the global economy, Reuters’ John

UK offshore oil and gas production has increased by a fifth over the last five years, following 14 years of decline. That is according to a new report from Oil

David Bramhill, Executive Chairman of Union Jack, commented: “We are grateful for the continuing investor support in the Fundraising that encouragingly was oversubscribed. We remain funded for the drilling of

Union Jack Oil plc (LON:UJO) a UK focused, onshore oil and gas production company, has today noted the comments released today by Europa Oil & Gas (Holdings) plc, in respect

Forecasts of how much oil and gas could be produced by the UK offshore industry have been revised upwards. The industry regulator now believes 11.9 billion barrels will be extracted

There seems to be an acceptance – or sense of resignation – that the sector is simply “along for the ride”, and will wait for an outcome before making concrete