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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International Energy Agency executive director Fatih Birol warns over under-investment in the oil industry

October 26, 2015

The executive director of the International Energy Agency (IEA) Fatih Birol has warned that a drop in investment across the oil industry could cause prices to tighten from mid-2016. Speaking at the Singapore International Energy Week, he said oil investment was likely to fall again in 2016, after sliding by more than a fifth this year. "If it comes [...]
CBI industrial trends survey: UK manufacturers suffer biggest quarterly slump in three years

October 26, 2015

British factory orders suffered their biggest fall in three years in the three months to October, as a drop in domestic demand compounded problems selling goods abroad. The CBI's quarterly industrial order book balance fell to -8, from +9 in July, its lowest level in three years. The export orders balance during this period tumbled to [...]
BP, Shell and BG Group earnings: Investec says oil companies’ profits set to halve amid rout

October 26, 2015

Could oil majors' profits halve when they update the market on their third-quarter trading this week? Broker Investec has said it expects low oil prices to push the sector's earnings down 29 per cent quarter-on-quarter, and 57 per cent annually. Amid the gloom, traders will be looking for evidence oil companies' upstream operations – which relate to the extraction and [...]
Toyota overtakes Volkswagen as world’s biggest carmaker by sales

October 26, 2015

Toyota has displaced German manufacturer Volkswagen as the world's biggest carmaker by sales. The Japanese carmaker sold 7.49m vehicles in the first three quarters of 2015, putting it ahead of VW's 7.43m. It comes after VW inched ahead of Toyota in the first six months of this year, having sold 5.02m vehicles to VW's 5.04m. Read more: What Volkswagen scandal? [...]
Dangers of fracking “greatly overestimated”, Centre For Policy Studies suggests

October 26, 2015

The dangers associated with hydraulic fracking – the extraction of shale gas – have been "greatly overestimated", according to new research by a leading think tank. The study, published by the Centre for Policy Studies, shows previous estimates of methane leakage in shale gas production have been seriously over-estimated. Fracking is a politically contentious method of of onshore oil and [...]
Tesco results analysis: Why earning mis-statements are like London buses

October 26, 2015

Earnings mis-statements are like London buses, it turns out: you wait ages for one, before two turn up at once. Or that's according to a new study, anyway, which concluded that when one company is found to have mis-stated its earnings, its competitors in that industry could be incentivised to follow suit, leading to even more earnings mis-statements. But [...]
These charts show London is bad at solar power

October 23, 2015

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UK Oil and Gas Investments: Ukog share price falls after it appoints new finance director Kiran Morzaria to replace Donald Strang

October 23, 2015

The company behind the so-called "Gatwick gusher" has appointed a new finance director with immediate effect. UK Oil and Gas Investments' (Ukog) new finance director Kiran Morzaria replaces Donald Strang, who is retiring to focus on other business interests. Morzaria was formerly a director of mining company Tubutama Borax and Tubutama, both of which were dissolved in April 2012. Shares in the [...]
Eurozone business growth unexpectedly accelerated in October – but not enough to temper stimulus expectations

October 23, 2015

A new survey has shown business growth in the Eurozone unexpectedly strengthening, but not enough to temper expectations that the European Central Bank (ECB) will boost its monetary stimulus programme. "Unless the PMI business activity and price indices pick up significantly in coming months, the combination of relatively weak growth and deflation signalled by the survey will [...]
Sadface, aubergine, unicorn: Room service by emoji? Aloft’s downtown Manhattan hotel launches “text it”

October 23, 2015

Peak emoji could be on the horizon – after a New York hotel has launched the world’s first emoji-only room service menu. Sadface… Whether you're a die-hard emoji fan, or perhaps too inebriated/exhausted/lazy to actually ask for room service, guests at Aloft's downtown Manhattan hotel can now text an emoji of what they want to the hotel’s front desk. [...]

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

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