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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Moody’s: This chart shows European banks’ energy exposure

April 6, 2016

Credit ratings agency Moody's has said that European banks' energy exposure is "manageable" despite low commodity prices. But it added that some cases could require additional provisions if oil prices remain "low for longer". Brent crude has fallen from over $110 per barrel in June 2014 to around $40 today. This has heaped pressure on to [...]
Why China wants to blast crude oil into space

April 6, 2016

China will blast crude oil into space next week, to learn more about oil reservoirs lying tens of thousands of feet beneath the earth's surface. The experiment will look at how molecules in oil redistribute under intense pressures and uneven temperatures. Researchers want to sharpen their understanding of deep crude oil reservoirs up to eight kilometres underground. Read more: UK space industry to [...]
Potential steel saviour Liberty House had “positive” meeting with government

April 5, 2016

Sanjeev Gupta, the businessman who could potentially save Tata Steel's UK assets, said he had "positive" talks with the government today. The head of metals group and commodities trader, Liberty House, was speaking after a meeting with business secretary Sajid Javid in London. "The UK Government appears highly supportive and is proactively engaged in finding a long-term [...]
Abandoning Hinkley Point C and investing in renewables could save tens of billions

April 5, 2016

Abandoning plans for EDF to build the Hinkley Point C nuclear power plant, and instead investing in renewables, could leave Britain better off by tens of billions of pounds. A report by think tank the Intergenerational Foundation (IF) released today said scrapping the controversial project could save the UK between £30bn to £40bn. It adds [...]
Kuwait’s Opec governor says all signs point to freeze deal

April 5, 2016

Kuwait has said that all signs point to a freeze deal at a meeting between Opec and the world's biggest oil producers later this month. In a speech at the oil ministry, Kuwait's Opec governor Nawal Al-Fuzaia, didn't elaborate on which signs point to an agreement at the talks in Doha on 17 April. Read more: Ex-Shell boss [...]
Ex-Shell boss says time “ripe” for oil majors to eye alternative energy

April 5, 2016

The former boss of Royal Dutch Shell believes that the time is ripe for oil majors to invest in alternative energies. Speaking in an exclusive interview with the World Energy Council's monthly magazine, Jeroen van der Veer, who headed Shell between 2004 and 2009, said: "I think we were too early once or twice [in the [...]
Brent crude and WTI: Oil prices continue to fall as oversupply concerns grow

April 5, 2016

Oil prices fell for the second day in a row this week, as weaker demand for petrol fed into concerns that the world's oil producers will be unable to agree a freeze deal. Stronger appetite for petrol in both North America and Asia has helped put a floor under Brent crude prices which have tumbled around 70 [...]
Why has world military spending risen for the first time since 2011?

April 5, 2016

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Blackrock’s biggest risks in the second quarter for investors

April 5, 2016

The world's largest asset manager has flagged the biggest risks investors must watch out for in the second quarter of this year. Blackrock's quarterly global investment outlook, written by its global chief investment strategist, Richard Turnill, and his team, highlights some of the hurdles which could rile global markets. Chinese yuan devaluation They warn global markets could [...]
Oil prices fall after Opec freeze deal is thrown into doubt

April 1, 2016

Oil prices edged lower today, after comments from Saudi Arabia threw the widely anticipated freeze deal into doubt. Brent crude, the global benchmark, fell 4.2 per cent to $38.6 per barrel this afternoon. Meanwhile, West Texas Intermediate crude, the US benchmark, tumbled 3.9 per cent to $36.86 per barrel. Read more: How the oil price rout will affect [...]

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By: Jessica Morris

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