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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Gazprom boss Viktor Zubkov warns EU of impending gas crisis due to Brussels policy

January 20, 2016

Energy giant Gazprom today warned the European Union that its energy markets could be plunged into crisis unless Brussels revises its “contradictory” energy prices. Energy companies have been forced to make deep cost cuts in order to weather the global commodity price rout which started around 18 months ago. Speaking at a conference in Vienna, [...]
BHP Billiton share price falls as it announces more impairment charges and iron ore production guidance

January 20, 2016

BHP Billiton languished towards the bottom of the FTSE today, after the mining giant's first half operational review laid bare the impact of plunging global commodity prices on its balance sheet. The company said it would take an additional $300m (£211.6m) to $450m in impairment charges from its first-half earnings, due to redundancies, inventory write-downs as well as royalty and taxation matters. [...]
Volkswagen emissions scandal: Why VW may not be last carmaker to rock the auto industry

January 20, 2016

The week the latest twist in the ongoing Volkswagen saga emerged. Apparently none too happy with its behaviour, some UK investors will be taking action against the firm over lost earnings in the wake of the emissions fixing scandal. But VW and Renault are not the first major car firms to run into difficulties, and [...]
Another steelmaker Sheffield forgemasters is axing up to 100 jobs

January 20, 2016

Sheffield Forgemasters, the UK's largest independent steel maker, is axing up to 100 jobs as the crisis engulfing Britain's steel industry deepens. It comes two days after Tata Steel, the UK's largest steel maker, said it would cut 1,050 jobs, mostly at Port Talbot in South Wales. "This is undoubtedly a long period of industry contraction, with major recovery seemingly [...]
Oil prices: Glencore chairman Tony Hayward and UBS chairman Alex Weber warn oil to stay lower for longer as WTI slides towards $27

January 20, 2016

Market mavens beat the "lower even for longer" drum on oil prices during an annual meeting of global political and business elites, as US crude careered towards $27 per barrel. Brent crude, the global benchmark, shed 2.89 per cent to $27.93 per barrel today. West Texas Intermediate (WTI) crude, the US benchmark, slumped 3.4 per cent [...]
Oil price: North Dakota Sour worth next to nothing as supply glut bites

January 19, 2016

The world is set to drown in oil this year, so it's hardly surprising that at least one buyer is pricing oil around the zero mark. Different types of oil are priced against benchmarks, such as Brent and West Texas Intermediate (WTI), depending on the quality, as well as ease of transportation to a refinery. "It really is the buyers [...]
Oil prices: Brent crude inches above $30 per barrel

January 19, 2016

Oil prices rose above the $30 per barrel mark today, as traders weighed mixed messages from global oil markets. Brent crude, the global benchmark, jumped as much as five per cent to above $30 per barrel today. Meanwhile, West Texas Intermediate (WTI) crude, the US benchmark, rose 1.8 per cent to $29.96. It came as data [...]
IMF has cut its global growth outlook due to China, the US dollar and geopolitical tensions

January 19, 2016

The International Monetary Fund (IMF) has cut its global growth forecast for this year by 0.2 percentage points to 3.4 per cent, citing risks relating to the emerging markets. It comes amid a medley of risks which includes a sharper-than-expected slowdown in China, the impact of a strong dollar on the US economy and geopolitical tensions in a [...]
HSBC’s “nudge” app uses behavioural science to help you spend less

January 19, 2016

HSBC is taking a leaf out of a behavioural science textbook, in order to help its customers make better financial decisions. The bank has begun trialling what it describes as the world's first banking app combining customer data and nudge theory. The latter is a behavioural science concept that uses positive and indirect suggestions to encourage people to make better decisions. HSBC's "nudge app" [...]
IEA warns of “enormous strain” on oil market in 2016

January 19, 2016

The International Energy Agency (IEA) said that warm winter weather and rising supply mean that the world will continue to drown in oil until at least late 2016. "We conclude that the oil market faces the prospect of a third successive year when supply will exceed demand by one million bpd and there will be [...]

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

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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