Union Jack Oil receives oil storage consent at Wressle

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

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 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

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures had risen

Union Jack Oil announced on Friday (26th) that “material landmark” net revenues of $9m have been achieved from the Wressle development, on licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin. The AIM-traded

Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday as markets weighed Saudi Arabia’s warning that OPEC+ production could cut output against the possibility of a nuclear deal that could return

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession.

Brent oil price shows positive trades to approach testing 100.00$ barrier, while the price continues to move inside the main bearish channel, and the EMA50 meets this channel’s resistance to add more strength to it, while stochastic loses

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak US fuel demand. Brent crude futures rose 53 cents, or 0.6%, at $97.31 a barrel by

In anticipation of our appointment as Joint Broker to the company, we had the pleasure of accompanying Union Jack’s Executive Chairman, David Bramhill and non-executive director, Graham Bullon a site visit to the producing Wressle project (including the