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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China plans to keep its steel exports at high levels

April 9, 2016

China indicated it will keep pumping out high levels of steel in the future, as the world's second largest economy is coming under fire for its part in the UK steel crisis. Luo Tiejun, the vice head of the raw materials department at the Ministry of Industry and Information Technology (MIIT), said today that if [...]
China’s slew of steel exports is hurting its market economy status

April 9, 2016

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Tullow Oil share price slides as it confirms damage to Ghana field

April 8, 2016

Tullow Oil will suffer reduced oil output due to a damaged ship at its Jubilee field in Ghana, however the company assured it won't have a "material impact" on revenue. The FTSE 250-listed oil explorer expects production to restart in two weeks, but under revised conditions. And it'll still take time to ramp up, Tullow added. The company will re-issue [...]
Oil gushes higher as it heads for best week in five

April 8, 2016

Oil prices sprung into action this afternoon, helped by rising hopes for a freeze deal when the world's major oil producers meet next Sunday. Brent crude, the global benchmark, rose 4.6 per cent to $41.23 per barrel this afternoon, and it's up 6.6 per cent for the week. If it holds onto these gains Brent [...]
Antofagasta names replacement to outgoing chief executive

April 8, 2016

London-listed copper miner Antofagasta has appointed an insider to replace outgoing chief executive Diego Hernández who is retiring with immediate effect. Iván Arriagada, who has been head of the FTSE 100-listed company's minerals division since last February, was widely tipped to be Hernández 's successor. Read more: Antofagasta's revenue falls on copper price rout He'd previously worked for a string of commodity titans, including BHP [...]
Dyson has unveiled its most powerful hoover yet – the V8 cord-free vacuum cleaner

April 8, 2016

Around 500,000 hours of testing, on the back of 18 months in research and development, and a £250m investment has produced Dyson's most powerful vacuum cleaner yet. The Dyson V8 cord-free vacuum features a digital motor which can spin up to 110,000 times every minute, helping it achieve an even more powerful suction than its predecessor, the Dyson V7. Other improvements include a [...]
Why the UK’s record current account raises Brexit tail risk

April 8, 2016

The UK is a serial debtor. In every quarter since 1998, its current account balance has been negative. In the last few years this deficit has grown rapidly. Currently, it is the largest in the G7. While modest deficits can be sustained even in the long-run providing gross domestic product growth is strong and stable, very [...]
Brent crude and WTI: Where big banks think the oil price is heading next

April 8, 2016

Speculation about when the tarnished black gold will recover continues to swirl around financial markets. The chatter is growing louder as the world's major oil producers prepare for a crunch meeting due to take place in Doha next Sunday. They're widely expected to firm up a preliminary oil freeze deal in February between four countries – Saudi Arabia, [...]
Liberty assures it can afford Tata’s UK assets as concerns grow

April 7, 2016

Liberty House has assured it can afford to buy Tata's UK business, as doubts grow over its ability to rescue Port Talbot and Tata's other steel sites without significant government support. The group's chief executive, Sanjeev Gupta, told Reuters that it has a turnover of around $6.5m (£4.6m) and so working capital needs to buy out Tata's UK plants [...]
London-listed Acacia Mining accused of “sophisticated tax evasion” in Tanzania

April 7, 2016

London-listed gold miner Acacia Mining has been accused of engaging in "a sophisticated scheme of tax evasion" in the East African country of Tanzania where it operates. The tax revenue appeals tribunal accused the company of paying dividends to its shareholders worth $412.5m between 2010 and 2013, but evading 10 per cent withholding tax by declaring losses. The company, formerly [...]

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By: Jessica Morris

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