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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Malaysian PM’s stepson bought £23m house in London using troubled state fund 1MDB

May 19, 2016

The stepson of Malaysian Prime Minister Najib Razak reportedly bought a house in London for £23.25m using money from troubled state investment fund 1MDB. The property located in upmarket Belgravia is registered with Qentas Holdings Ltd., a company based in the British Virgin Islands. However, sources told the WSJ that Najib's stepson, Riza Aziz, is the beneficial owner. Read more: The [...]
S&P warns Brexit could sap investment in UK infrastructure

May 18, 2016

The majority of infrastructure investors in the UK market believe that a Brexit would zap much-needed investment in buildings, roads and power supplies for at least two years after the vote. Research by credit ratings agency S&P showed that while Britain's exit from the 28-nation bloc could cripple infrastructure investment in the short-term, capital would return once [...]
China vows to support steel exports as trade war escalates

May 18, 2016

China has vowed to push ahead with a controversial tax rebate for its steel sector, after the US said it would slap Chinese imports with a five-fold tax hike, in what's been described as an escalating trade war. China's finance ministry said today it would "continue to implement a tax rebate policy of steel exports" [...]
US hikes steel duty on steel imports, european response?

May 18, 2016

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Antofagasta warns copper prices will remain low for at least two years

May 18, 2016

Chilean copper miner Antofagasta has said it expects copper prices to remain low for the next two to three years. Speaking at Antofagasta's annual general meeting today, chairman Jean-Paul Luksic said: "As we look forward we are not counting on an improved macroeconomic environment although we have recently seen some positive signals to this effect. We are expecting another [...]
Oil prices ease off 2016 highs

May 18, 2016

Oil prices eased off 2016 highs, as rising supplies softened concerns about production disruptions in Nigeria and Canada. Brent crude, the global benchmark, slumped 0.1 per cent to $49.2 per barrel today. Meanwhile, West Texas Intermediate crude, the US benchmark, was flat at $48.3. Read more: Shell latest oil major to be embroiled in row over exec pay [...]
Shell latest oil major to be embroiled in row over exec pay

May 18, 2016

Royal Dutch Shell became the latest oil major to become embroiled in a row over executive pay, after BP shareholders rejected chief executive Bob Dudley's pay deal. Two investor advisory firms have recommended Shell shareholders oppose chief executive Ben van Beurden's 2015 remuneration. While his pay is due to fall eight per cent to €5.1bn (£4m) compared to a year [...]
Goldman Sachs upgrades commodities to neutral as it cuts outlook for equities

May 18, 2016

Uber bear Goldman Sachs is feeling slightly better about commodities, but the brighter outlook didn't extend to equities. The investment bank upgraded commodities to neutral on a three-month basis, saying supply disruptions should support oil prices. At the same time, growth and valuation concerns led it to downgrade equities to neutral over a 12-month horizon. Read more: Commodity [...]
Bacanora Minerals boss: 2020 will be a “magic” year for lithium

May 17, 2016

The boss of one of the world's biggest lithium mines has singled out 2020 as a "magical" year for the so-called "white petroleum". Lithium forms a small but essentially irreplaceable component of rechargeable batteries. It's currently used in small-scale devices such as mobile phones, but could eventually revolutionise the car industry, as well as how we use the [...]
Legal expert warns UK’s North Sea industry risks suffering a “brain drain”

May 17, 2016

A legal expert warned employment law has left the UK's already embattled North Sea oil and gas sector at risk of a "brain drain". Katie Williams, employment specialist and partner at Pinsent Masons, blamed the widespread use of contracts which stop individuals joining a potential competitor for anything up to 12 months after leaving a job. [...]

Gen Z craze toy maker Jellycat launches legal action against Next and Hamleys

Fifa World Cup under drone terrorism threat, security experts warn

English wine has moved up a notch – here’s why

By: Jessica Morris

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