Chinese demand fuels oil market recovery

Oil futures ended largely unchanged on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Both crude oil benchmarks settled 37 cents, or 0.5%, higher with Brent crude futures at $83.33 a

Union Jack Oil plc, an onshore oil and gas company focusing on the UK and US markets, will participate in the upcoming Sidoti Virtual Investor Conference on May 8-9, 2024. Commercial Advisor Zac Philips will present

Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED

Union Jack Oil announced an update in respect of the Wressle hydrocarbon development located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. David Bramhill, Executive Chairman of Union Jack, commented: ‘Wressle

China’s first-quarter economic growth data is out and it’s an expectation beater. The country’s GDP grew at a rate of 5.3% during the first three months, versus Reuters economist poll expectations of 4.6%. Oil prices rose following the

Union Jack Oil plc sounded positive after drilling the Andrews 1-17 well to 4,600ft on the West Bowlegs prospect in Seminole County, Oklahoma. The target Hunton Limestone was penetrated at 4,200ft, showing “high porosity and elevated gas readings,

Oil prices experienced an increase on Tuesday, supported by indications of potential demand improvement in China and the United States, the two largest oil-consuming nations in the world. There are also growing concerns about an escalating

Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added

Oil prices ticked up in Asian trade on Monday, extending gains from last week when prices rose nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy

Union Jack Oil plc expects drilling to start soon at its recently signed farm-in on the West Bowlegs prospect in Seminole County, Oklahoma. The company said operator Reach Oil & Gas Company Inc had signed a drilling contract for the

Union Jack Oil plc has added three packages of wells to its mineral royalty portfolio in the United States. The company’s agent and adviser Reach Oil & Gas Inc brokered the purchases. Top-tier Bakken Shale in