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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Antofagasta’s revenue falls on copper price rout

March 15, 2016

Antofagasta's shares shed 10.1 per cent to 483.40p this morning, as it revealed the full impact of the copper price rout. The figures Antofagasta's revenue fell 34 per cent to $3.4bn in the year ending December 31, down from $5.1bn a year earlier. This came as the FTSE 100-listed miner's average realised copper price slumped 24 per cent [...]
Brent crude and WTI: Oil prices extend losses as oversupply concerns weigh

March 15, 2016

Oil prices extended losses from the previous session today, as oversupply concerns clipped the wings of a six-week rally which had stemmed from optimism that the market had bottomed. Rising US stockpiles and Iran's refusal to join an a deal to freeze output at January levels, led by de facto Opec leader Saudi Arabia and [...]
Russia predicts oil production freeze deal could be signed in April

March 14, 2016

A historic deal among some of the world's biggest oil producers to freeze production could be inked in April and exclude Iran, Russian energy minister Alexander Novak said today. Speaking after a meeting with Iranian officials in Tehran, Novak said Iran has a right to duck out of the deal until the recovery of its oil output, which had [...]
Glencore, Anglo American and Antofagasta share price: FTSE Mining shares bounce on steady copper prices

March 14, 2016

Mining shares jumped today, tracking copper prices which steadied just below four-month highs following good news out of top consumer China. Copper prices were up 1.6 per cent to $4,970 per metric tonne on the London Metal Exchange in mid-afternoon trading. They were buoyed by assurances from an important securities regulator that top Copper consumer China will [...]
High duty rates help explain why the UK cider industry is under threat

March 14, 2016

The cider industry is woven into the fabric of Britains’s heritage and plays a vital role in our rural economy. There are more than 500 cider makers in the UK, with some 7,000 people employed in the industry. More than that, it is an industry that generates £1bn in apple supply contracts and £100,000,000 in exports. However, [...]
From Nigeria to Singapore: How low crude oil prices are changing pirates’ tactics

March 14, 2016

Piracy off the coast of Nigeria is estimated to cost over $7bn annually, with the bulk of costs affecting the oil industry. And over in Singapore, pirate groups can earn up to $1m for a successful tanker hijack. But the data suggests that plummeting oil prices are driving a tactical shift by pirates, replacing oil theft [...]
Budget 2016: The UK property industry’s wishlist for Chancellor George Osborne

March 14, 2016

Stamp duty reform is at the top of the UK's property industry wishlist for when Chancellor George Osborne opens his red box to deliver the Budget on Wednesday. 1. Reversal of recent government stamp duty changes Recent UK stamp duty reforms are having a damaging impact on the housing market and should be reviewed. The Stamp [...]
Brent and WTI crude: Oil prices fall back below $40

March 14, 2016

Oil prices fell back below $40 per barrel today as oversupply concerns trumped increasing optimism that the market had bottomed out. Brent crude, the global benchmark, reversed earlier gains to fall 1.63 per cent to $39.73 per barrel this morning. West Texas Intermediate crude, the US benchmark, slumped two per cent to $37.72. Iran indicated over the weekend [...]
Budget 2016: Aberdeen and Grampian Chamber of Commerce adds to pressure on Osborne to cut taxes for the North Sea

March 14, 2016

A group representing businesses in Aberdeen has thrown more weight behind calls on Chancellor George Osborne to deliver tax breaks to the North Sea in his Budget on Wednesday. Aberdeen & Grampian Chamber of Commerce has written a letter to Osborne asking him to help the industry. It's struggling to weather the commodity rout which has sent oil prices [...]
Housing Finance Institute: How water companies are exacerbating the housing crisis

March 14, 2016

Water and other utility companies' failure to provide timely connections for new homes is being blamed for exacerbating Britain's housing crisis. Housebuilders are having to wait up to a year before new homes are connected to water and sewage networks according to the How to Build More Homes faster report by the Housing Finance Institute. Every water company in England [...]

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By: Jessica Morris

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