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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Gulf Keystone plummets as debt repayment fears mount

April 14, 2016

Shares in Gulf Keystone Petroleum tumbled today after the Kurdistan-focused oil producer warned that it could miss a bond payment later this month. The London-listed company said it would utilise a grace period regarding payments that are due 18 April on bonds which expire 2 May and 3 May respectively. Its shares fell as much as 33.1 per cent to 4.7p [...]
Traditional grad roles are losing their allure for university leavers

April 14, 2016

Traditional graduate roles in safe positions such as law, accountancy and banking are losing their allure for this generation of university leavers. Over fifty per cent of recent graduates surveyed said they want to join start-up companies, according to graduate recruitment technology company TalentPool. Other popular industries such as technology and media (49 per cent) [...]
IEA: Oil oversupply will finally start drying up in the second half of 2016

April 14, 2016

The embattled oil market will start to rebalance in the second half of this year, as Opec's grand master plan to price out US shale gas producers starts to bear fruit. The International Energy Agency expects that the surplus will fall to 0.2m barrels per day (bpd) in the second half of this year, down from 1.5m [...]
Global shale gas market expected to hit $214bn by 2022

April 13, 2016

The world's shale gas market could swell to $214bn (£150.2) in just a few years time. This would come as global shale gas grows at an annual compound rate of 14.4 per cent from 2015 to 2022, according to the report by Allied Market Research. Similarly, the world's thirst for shale gas is expected to increase at an annual [...]
World’s biggest private coal miner Peabody files for bankruptcy protection in the US

April 13, 2016

The World's biggest private coal producer, Peabody, has been forced to file for bankruptcy protection in the US, amid what it described as a historically difficult business environment. The move will help it shore up liquidity and whittle down its debt, which was $6.3bn (£4.4bn) at the end of 2015, the firm said as it made a Chapter 11 bankruptcy filing. [...]
Fresnillo share price rises as gold output sparkles

April 13, 2016

Fresnillo shares ticked up today, after the precious metals miner said it's on course to meet production targets this year. The London-listed company's shares rose as much as two per cent to 1,012p this morning, before settling back down to 1,008p later in the day. Fresnillo reported gold production shot up 26 per cent to 230,0000 ounces in the first quarter [...]
Opec flags less oil demand growth ahead of freeze meeting

April 13, 2016

The Organisation of Petroleum Exporting Countries (Opec) predicts global oil demand will be less than previously thought this year. Opec cut its forecast for world oil demand growth by 50,000 barrels per day (bpd) in its closely watched monthly report released today. It also warned there could be further downward revisions due to a slowdown in the emerging market economies, [...]
Brent crude and WTI: Oil prices tumble after Saudi minister rules out cut

April 13, 2016

Oil prices tracked low this morning, after Saudi Arabia's oil minister reportedly said that investors should "forget about" a production cut. Ali al-Naimi, told the al-Hayat newspaper that an outright production cut, as demanded by some producers, was out of the question. "Forget about this topic," al-Naimi told the paper, reiterating the Kingdom's previous position on a possible [...]
The Twitter news merry-go-round increases volatility in financial markets, study says

April 13, 2016

Investors who threat the merry-go-round of news and opinion about stocks on social media as if it were brand new information are stirring up volatility in the financial markets. While this will come as no to surprise to most market mavens, now researchers Pieran Jiao, Andre Veiga and Ansgar Walther over at Oxford University have been able to quantify by how much. Their [...]
Dyson launches world’s first ever self righting vacuum

April 13, 2016

Science wonks over at Dyson have been busily created the world's first vacuum cleaner that self-rights when toppled. Components of the Dyson Cinetic Big Ball are assembled in a spherical array, with the heaviest nearest to the floor. Whenever the vacuum is displaced, gravitational forces will automatically return it to its upright resting position. Source: Dyson Read more: Dyson has unveiled [...]

ETFS are no longer a side experiment after record 2025 growth

Scrap Saturday 3pm blackout for women’s football, MPs urge government

Volkswagen Golf R 2026 long-term review: First report

By: Jessica Morris

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