By: Jessica Morris

I write about energy and industrials for City A.M. I'm particularly interested in geopolitics, energy policy and, of course, the ever lively oil markets.

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Consumer group MoneySavingExpert hits out at energy firms despite latest price cuts by Scottish Power

February 2, 2016

A consumer group has heaped pressure on Britain's biggest energy companies to slash customers' bills further, after Scottish Power became the latest provider to cut prices today. "The real picture here is that even after these small cuts come into effect the vast majority of households in the UK will be massively overpaying for their [...]
Oil prices: Africa’s big oil producers Nigeria and Angola seek World Bank support as rout bites

February 1, 2016

Two of Africa's biggest oil producers, Nigeria and Angola, have been forced to seek help from the World Bank, as falling oil prices weigh on their currencies and balance sheets. Nigeria's finance minister, Kemi Adeosun, said yesterday that the country has held exploratory talks with the Washington-based institution to help fund a record budget this [...]
Google share price soars in after hours trading as parent company Alphabet’s revenue rises

February 1, 2016

Google jumped as much as 8.4 per cent to $813 per share in after hours trading, putting it on course to oust Apple as the world's most valuable company by market capitalisation when regular trading resumes tomorrow. Google's new parent company Alphabet reported annual revenue rose 18 per cent to $21.33bn (£14.8bn) in the three months ended December 31. [...]
S&P cuts Shell’s rating and warns on other oil companies BP, Eni, Repsol, Statoil and Total

February 1, 2016

Standard & Poor's (S&P) today cut Royal Dutch Shell's credit rating, while warning that there's a "significant likelihood" those of several other European oil firms could follow. "We lowered our ratings on Royal Dutch Shell PLC to 'A+/A-1' from 'AA-/A-1+' and placed the long-term rating on CreditWatch with negative implications," S&P said in a statement today. [...]
UK Waspi pension campaign: Minister says women born in the 1950s who are affected by transitional state pension arrangements should use “other benefits” like jobseekers allowance

February 1, 2016

An MP has said today that women who are losing out from changes to the state pension age can rely on other benefits, such as jobseeker's allowance. The comment was made during a debate in Parliament over whether women born in the 1950s were properly notified by the government that the age at which they could retire would [...]
Brent crude and WTI: Oil price rally fades on China data, slim chances of Opec deal

February 1, 2016

The black stuff's rally proved short-lived today, with Brent and WTI prices tumbling on waning hopes of an emergency meeting between Opec members and weak economic data from China. Brent crude, the international benchmark, shed 3.7 per cent to $34.66 per barrel. Meanwhile, West Texas Intermediate (WTI) crude, slumped 4.82 per cent to $32 per barrel. Oil had [...]
Genel and Gulf Keystone Petroleum share price: Oil firms rise as KRG boosts confidence

February 1, 2016

Shares in London-listed oil firms Genel and Gulf Keystone Petroleum jumped today on the news that they could recoup hundreds of millions of dollars in overdue payments from the Kurdistan Regional Government (KRG). Shares in Gulf Keystone rose as much as 43.43 per cent to 17.57p per share this afternoon, while Genel gained as much as 6.75 per cent to 111.55p this [...]
North sea oil and gas: Scottish government unveils funding to boost research and development

February 1, 2016

The Scottish government today unveiled £12.5m funding to sustain research and development (R&D) in the embattled North Sea oil and gas industry, which has been pummelled by the oil price rout. Scottish Enterprise funding of £10m will help firms reduce risks associated with carrying out R&D. An extra £2.5m will enable them to draw on [...]
BP, Shell, BG Group: Investors brace for “messy quarter” as oil firms report results

January 30, 2016

Analysts have warned investors should ready themselves for a "messy" set of fourth quarter results from some of the world's biggest oil companies, with BP due to kick off oil earnings season next week. BP is reporting its results on Tuesday. It will be followed by Royal Dutch Shell and BG Group, however, much of its outlook has already been outlined [...]
Oil prices: Iraq will co-operate to cut production in bid to prop up Brent crude

January 30, 2016

Iraq's oil minister has said his country would co-operate if Organization of the Petroleum Exporting Countries (Opec) and non-Opec members agree to cut crude production, in the wake of a supply glut that's sent oil as low as $27 per barrel this year. It comes as one of Opec's poorer member, cash-strapped Venezuela, has called a meeting to [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Jessica Morris

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