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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Germany’s Schaeuble delivers thinly-veiled Brexit warning

June 19, 2016

Germany's finance minister has said that no country in Europe would be able to cope with the challenges of the 21st century on its own. European leaders have been ramping up their warnings about the consequences of the Leave campaign triumphing. They're concerned about the political and economic ramifications of Britain's ejection from the four-decade alliance. Speaking at the IfW [...]
BP says natural gas overtakes coal as dominant US power source for the first time ever

June 17, 2016

The world's largest economy burned more natural gas than coal for the first time ever last year. It coincides with a spate of bankruptcies within the embattled US coal industry, with embattled coal producers Peabody, Arch Coal, Patriot and Alpha Natural Resources all filing for bankruptcy in the last year. Spencer Dale, former Bank of England MPC [...]
Brexit fears prompt multi-million pound outflows from UK funds

June 17, 2016

Rising Brexit fears prompted a huge outflow from UK equity funds in the week to Thursday. Data compiled by Bank of America shows that nervous investors withdrew $1.1bn (£769m) during this period, which marks the second largest outflows in the past decade behind last year's nail-biting General Election. Read more: No, Brexit won't hit house prices – [...]
Siemens, Gamesa join forces to create world’s biggest wind farm business

June 17, 2016

The world's biggest wind farm maker will be created out of a proposed partnership between German engineering group Siemens and Spain's Gamesa. Siemens will take a 59 per cent stake in the new entity which is expected to have 69 gigawatts of turbines installed worldwide as well as revenue of €9.3bn (£7.3bn), it said in a statement today. It's also making a one-off [...]
This picture shows just how big the world’s largest oil field is

June 17, 2016

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Gold loses shine as it falls back below $1,300

June 17, 2016

The softer dollar pulled gold back from a two-year high today, as investor anxiety about next week's EU referendum eased slightly. The precious metal is still on course for its third weekly gain, with spot gold rising 0.7 per cent to $1,286.82 an ounce in early afternoon trading. US gold, however, slumped 0.6 per cent [...]
Lloyds wins £1bn bondholder battle in the UK’s highest court

June 17, 2016

Shares in Lloyds Banking Group bounced after a court ruled the bank won't have to pay extra money to buy back thousands of bondholders' investments, following a seven-year legal battle. Lloyds shares were up 5.7 per cent at 64.8p per share this morning, after it emerged the decision, published earlier this week, will save Lloyds around £1bn. [...]
Oil rises for the first time in seven days as the US dollar weakens

June 17, 2016

Oil snapped its biggest weekly drop in more than two months today, helped by foreign exchange rate movements. The greenback slumped 0.2 per cent to $94.407 against a basket of currencies, making the dollar-priced commodity more attractive to foreign buyers, and helping crude shrug off a sharp drop in the previous six sessions. Read more: IEA says global [...]
One fifth of pension professionals aren’t confident about scheme valuations

June 16, 2016

One in 20 pension professionals said their confidence levels in the asset and liability valuations of the schemes they work is less than 50 per cent, according to a global survey by investment manager State Street. And 77 per cent of survey respondents said the challenge of navigating the adoption of new investment strategies was "high" or [...]
Brent crude and WTI: Oil at $20 per barrel talk re-emerges

June 16, 2016

An analyst has warned that oil prices could still fall to $20 per barrel within the next year — despite rising sentiment that the battered market could be starting to balance. Paul Jackson, head of research at exchange-traded-fund provider Source, told City A.M. oil bottoming at around $20 after a bubble is part of a "historical cycle that repeats [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: Jessica Morris

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