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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British police bail one of five linked to Paris, Brussels attacks

April 17, 2016

British police have bailed one of the five people arrested as part of an investigation which is reportedly linked to the terror attacks in Paris and Brussels. It comes after four were arrested in Birmingham and one at London's Gatwick Airport last week. Read more: Why over-estimating the risk of terror just hands victory to the terrorists West Midlands [...]
Brazil’s President Rousseff under pressure as historic impeachment vote kicks off

April 17, 2016

Brazil's President Dilma Rousseff was under pressure this evening, as a historic impeachment vote kicked off. The country's lower congress must decide whether Rousseff should face an impeachment trial on charges of manipulating budgetary accounts. If 342 of the lower congress' 513 lawmakers vote for the impeachment, then the proceedings will move to the senate. Here a separate vote could [...]
Potential oil freeze deal: What five experts think about the historic producer meeting in Doha

April 17, 2016

Rising tensions between rivals Saudi Arabia and Iran could inhibit a historic oil production freeze deal widely expected to be inked today. Some 18 Opec and non-Opec countries, including Russia, met in the Qatari capital of Doha to firm up an agreement to freeze oil output at January levels, a move which would support crude prices. Ministers started talks after [...]
Brent crude and WTI: Oil prices head back to $42 ahead of Doha meeting

April 15, 2016

Brent crude inched back towards $42 per barrel this afternoon, weighed down by a growing cloud of analyst scepticism over a weekend meeting of major oil producers. They said the impact of a freeze deal on oil prices would be minimal because most countries are already producing at record levels, while Iran and Libya have vowed to ramp [...]
Michael Saunders to replace Martin Weale on the Bank of England’s MPC

April 15, 2016

Veteran Citibank economist Michael Saunders will replace Martin Weale on the Bank of England's rate-setting committee. Saunders will step into Weale's role as an "external member" on the nine-strong panel when he leaves the central bank on 9 August. Read more: Bankers, meet your new boss Saunders recently said he thinks that the inflation rate could start to creep up soon. [...]
S&P: Green bond issuance could triple this year

April 15, 2016

Credit ratings agency Standard & Poor's has said green bond issuance could triple to $28bn this year, providing the Chinese market takes off. But investor appetite will continue to exceed supply, following the Paris climate change negotiations in December. Read more: London is leading the world in financing the global low carbon shift A green bond must [...]
US oil producer Goodrich Petroleum files for voluntary Chapter 11 restructuring

April 15, 2016

Another US oil producer has been forced to file for bankruptcy protection under Chapter 11 this week as energy companies struggle amid low oil and gas prices. Houston-based Goodrich Petroleum filed for voluntary restructuring today to cut around $400m (£282m) debt from its balance sheet, leaving behind just $40m in debt related to a first lien reserve based loan [...]
Worldview takeover offer for Petroceltic lapses

April 15, 2016

The long-running, bitter battle between Worldview Capital and Petroceltic has taken another unexpected turn. Last week, it looked like activist investor Worldview, also the Dublin-based oil explorers largest shareholder with a 29.6 percent stake, was on the road to victory. Petroceltic's board had urged shareholders to accept a 3p per share offer it had previously rejected on the grounds it undervalued [...]
Pressure mounts on oil producers ahead of meeting in Doha on Sunday

April 14, 2016

The stage has been set for what will be the first coordinated action among Opec and non-Opec producers in 15 years – and failure to deliver could spark ire among already harangued oil investors. Talk of a potential freeze deal at the meeting in Doha on Sunday has helped oil prices recover from near 12-year [...]
BP shareholders reject chief exec’s £14m pay package

April 14, 2016

BP shareholders have voted to reject chief executive Bob Dudley's 20 per cent pay rise at its general meeting today. Shareholder ire had been stoked because the proposed payout comes against a backdrop of shrinking profit margins and thousands of job cuts at the oil giant. However, today's vote is "advisory", meaning even a vote against will [...]

Labour erupts into civil war after Starmer allies block Burnham’s by-election bid

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This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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