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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First US shale gas shipment heads to Europe amid price war risk

March 10, 2016

The first shipment of US shale gas earmarked for Europe left its terminal today, as analysts warn it could spark a price war with market leader Russia. Chemical company Ineos said one of its ships carrying liquefied natural gas had embarked on the 3,600 mile journey from Philadelphia to a purpose built storage tank in Norway. Jim Ratcliffe, chairman [...]
Brent crude and WTI: Global oil prices back below $40 as oversupply concern weighs

March 10, 2016

Oil prices fell today, as seasonal changes fed into fears that the recent rally would be short lived. Brent crude, the global benchmark, fell three per cent to $39.8 per barrel this afternoon. Meanwhile, US West Texas Intermediate, the US benchmark, slumped 2.3 per cent to $37.4. Analysts said they expect refineries around the world to buy less oil [...]
Atlantic Petroleum sold its one of its businesses for one Norwegian Kroner or 10p

March 10, 2016

Atlantic Petroleum, which is based in Denmark's Faroe Islands sold its Norwegian business to start-up M Vest Energy for one Norwegian krone, or 10p. That's roughly equivalent to the cost of a "bag for life", a chew sweet or an onion. The company said it will be forced to take an impairment charge of around £15.5m [...]
Amec Foster Wheeler share price jumps on plan to weather oil price rout

March 10, 2016

Shares in Amec Foster Wheeler jumped this morning after it announced the sale of one of its units and plans to halve net debt in the next 15 months, despite Britain's largest oil and gas engineering group swinging to a loss in 2015. The figures: Amec made a pre-tax loss of £235m in the 12 months ended 31 [...]
Latin American oil producers push back early meeting on output freeze

March 10, 2016

Latin American oil producers have postponed a meeting due tomorrow, where they would have coordinated support for an output freeze or other measures to bolster low oil prices. Scheduling difficulties mean the meeting between Venezuela, Colombia, Ecuador and Mexico will now take place at the end of this month or the beginning of April. "One of the problems [...]
Competition and Markets Authority investigation into the UK’s big six energy companies: CMA wants energy price cap for pre-payment meters

March 10, 2016

Britain's competition watchdog wants to introduce temporary price controls for four million households which are on pre-payment meters, as it laid out sweeping reforms aimed at injecting more competition into Britain's energy market. This would cut bills by a total of £300m a year and will remain in place until 2020, the Competition and Markets Authority (CMA) [...]
Algy Cluff interview

March 9, 2016

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London Mayoral Election 2016: Sadiq Khan’s landlord database should already be available

March 9, 2016

Labour's London mayoral candidate Sadiq Khan's election manifesto includes a raft of measures which he claimed are aimed at directly improving the lot of London’s renters, saying that an "entire generation" of private tenants had been "failed by the Tories". It is unsurprising Mr Khan is looking to woo this sector of the electorate, which is huge and [...]
Former energy secretary Ed Davey “doesn’t know” if Hinkley Point C will be built

March 9, 2016

Former energy secretary Ed Davey has admitted he doesn't know if the £18bn Hinkley Point C nuclear power plant will be built. Asked whether Britain's first nuclear power plant to be built in 25 years will be built on BBC Radio 4's Today programme, he said: "I don't know, I'm not a nuclear scientist." The current Conservative government has stressed [...]
London Assembly environmental committee: London streets at risk of overflowing with sewage

March 9, 2016

Sewage spilling into the streets is one of the risks facing London if its politicians fail to adequately respond to rapid population growth. The capital's population is increasing by 100,000 every year, and could reach 13.4m by 2050, according to the London Assembly's environment committee. This will put huge pressure on the city's energy supply, its carbon footprint, the availability of drinkable [...]

‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain

Manchester City: Sheikh Mansour faces calls for ban from English football over UAE links to genocide

The watch podcast disrupting the ‘pale, male and stale’ image

By: Jessica Morris

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