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.

All 2633 Articles

IEA: Oil prices won’t breach $100 mark until 2040

November 10, 2015

Due to the supply glut it will be another 25 years before oil prices break through the crucial $100 mark, according to the International Energy Agency (IEA). And the black stuff is unlikely to hit $80 a barrel before the end of the next decade, as annual global demand growth rises by 900,000 barrels per day to [...]
In pictures: The Paris Airshow 2015

November 8, 2015

The Paris Air Show, which takes place in Le Bourget Airport, will see 120 civil and military aircraft take to the skies between 15 – 21 June. But that's not all. It brings together representatives from plane manufacturers, engine makers, defence personnel, luxury private carriers and airlines to get a number of deals signed off. Yesterday, [...]
Dubai Airshow 2015: Delegates predict drop in new jetliner orders

November 8, 2015

Low oil prices and conflicts in the Middle East could cast a dark cloud over the Dubai Airshow which opens today, as plane makers brace for a slowdown in new orders. Delegates predict that the biennial event, which is running for five days, will see a drop in major commercial order announcements as Gulf airlines take [...]
San Francisco Federal Reserve bank president John Williams says interest rate rise “makes sense”

November 8, 2015

A top US central banker has said that a gradual increase in interest rates should be the "next step" if the country's economy continues to improve as expected. "I do think it makes sense to gradually remove the policy of accommodation that helped get the economy to where we are," San Francisco Federal Reserve Bank President [...]
Syria: UK “letting down” allies over airstrikes warns Sir Nicholas Houghton

November 8, 2015

Britain's top military commander has warned that the UK is "letting down" its allies by not participating in airstrikes against Islamic State (Isil) militants in Syria. Speaking on Sky News, chief of the defence staff, general Sir Nicholas Houghton said that the UK's policy of restricting RAF air strikes to Iraq "makes no sense" given Isil has [...]
China’s exports and imports fall sharply in October

November 8, 2015

China's trade dropped sharply in October, adding weight to fears that the world's second largest economy is slowing more quickly than previously thought. The General Administration of Customs said today that October exports fell 6.9 per cent from a year ago, dropping for a fourth month, after a 3.7 per cent dip a month earlier. Meamwhile imports slipped [...]
EU referendum 2017: Prime Minister David Cameron to warn over Brexit as he unveils European Union reform wishlist

November 8, 2015

Prime Minister David Cameron will warn this week over the potential ramifications of Britain leaving the European Union, if his demands for reform are "met with a deaf ear". In a speech on Tuesday, Cameron will say that if no deal can be reached, he could back a British exit when an in/out referendum is held [...]
Oil giant Chevron to cut around 10 per cent of its workforce

October 30, 2015

The figures Oil giant Chevron said announced it could cut between 6,000 and 7,000 jobs and slash its capital budget by 25 per cent as low oil prices continued their rampage across the sector. Chevron now plans to spend between $25bn (£16.2bn) to $28bn next year, and expects to further slash spending in 2017 and 2018. It reported net [...]
Exxon Mobil profits slide amid low oil prices but beat expectations

October 30, 2015

The figures Exxon Mobil posted profits of $4.24bn (£2.76bn) between July and September, down 47 per cent from $8.07bn a year earlier. The oil major's revenue also fell 37 per cent to $63.75bn. Refining, or downstream, profits nearly doubled to $2bn from a year earlier, while earnings at Exxon's upstream business, also known as exploration and production, crashed 79 per cent to $1.36bn. Oil and gas [...]
Galloper’s £1.5bn wind farm off Suffolk coast gets green light

October 30, 2015

German utilities giant RWE has been given the go-ahead to build a £1.5bn wind farm off the coast of Suffolk, creating nearly 800 jobs, after it found three partners to back the project. The Galloper wind farm’s future was jeopardised when electricity and gas supplier SSE shelved plans to invest in it, citing concerns over the viability of the UK's offshore [...]

School of Hard Knocks and Investec celebrate spring rugby tournament

School of Hard Knocks and Investec celebrate spring rugby tournament

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Jessica Morris

All 2633 Articles

Subscribe