Union Jack Oil receives planning consent to continue development of Wressle

Oil prices experienced a slight increase on Monday as escalating conflict between Russia and Ukraine captured global attention. Brent crude rose by 55 cents (0.8%) to $71.59 a barrel, while U.S. West Texas Intermediate crude climbed

Oil prices remained steady near two-week lows on Wednesday, with markets cautiously eyeing global demand and recent OPEC projections. OPEC reduced its growth forecasts for oil demand in 2024 and 2025, attributing the adjustment to economic

Union Jack Oil plc anticipates restarting production at the Keddington oil field, located in Lincolnshire’s East Lindsey district, in late 2024. The company, which holds a 55% stake in Keddington while Egdon Resources (UK) Ltd owns

Oil prices showed an increase on Tuesday after a significant drop of 6% in the prior session. The rise came as the United States outlined a plan to purchase oil for its Strategic Petroleum Reserve (SPR),

Oil prices experienced a modest recovery in Asian trading on Monday, following a significant drop of more than 7% last week. The fall was driven by concerns over weakening demand in China, the world’s largest oil

Oil prices experienced an increase on Thursday, rebounding from two-week lows. Investors are closely monitoring the situation in the Middle East alongside China’s recently announced stimulus plans. At the same time, the market is anticipating the

On Monday, oil prices saw a significant rise, with Brent crude surpassing $80 per barrel for the first time since August. This surge, over 3%, was largely attributed to growing concerns about a potential regional conflict

Oil prices climbed for the second straight session on Monday, fuelled by worries over potential disruptions to supply in the Middle East. This followed intensified Israeli attacks on Hamas, as well as other Iranian-backed forces in

North Lincolnshire Council has granted approval for further development at the Wressle oil and gas exploration site in the UK. The project, situated in the northern region of the country, will see an expansion of the

Oil prices experienced an increase on Monday, driven by growing fears that the escalating conflict in the Middle East might impact the region’s oil supply. At the same time, there is optimism that last week’s decision