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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How likely are you to suffer from poverty? This calculator determines an individual’s risk of financial ruin

March 9, 2016

For anyone worried about their future finances, two experts have found a way for individuals to calculate their risk of financial ruin based on four demographic factors. The calculator looks at age, education, marital status and race to determine the average American's risk of falling into poverty over the next five, 10 or 15 years. Mark Rank, [...]
Brent crude and WTI: Oil hold above $40 after EIA data shows US stocks continued to build last week

March 9, 2016

Crude prices rose today, despite official data showing US oil stocks continued to build last week. US oil inventories increased by 3.9m barrels last week, ahead of expectations for 3.2m, according to figures from the US Energy Information Administration (EIA). Brent crude, the global benchmark, rose 2.6 per cent to $40.7 per barrel today. Meanwhile, West Texas [...]
Brent crude and WTI prices: European markets won’t be hit by a flood of Iranian oil anytime soon

March 8, 2016

The sustained oil sell-off was one of the biggest shocks of 2015, and it also looks set to be one of the defining characteristics of the global economy in 2016. So it's easy to understand the panic when economic sanctions on Iran were lifted, allowing the country to export oil again, and adding yet more crude [...]
Goldman Sachs warns recent oil rally won’t last and prices must fall to rebalance the market

March 8, 2016

Goldman Sachs today warned the recent rally in oil prices is likely to prove short-lived, as it said they must fall to bring balance to a market drowning in oversupply. The bank cast doubt on a recent bout of renewed optimism, which sent Brent crude above $40 per barrel and made metal prices sparkle yesterday. It said the [...]
Glencore: Two bodies recovered after mine accident in the Democratic Republic of Congo

March 8, 2016

Glencore today said that two bodies have been recovered after an accident at a copper mine owned by one of its subsidiaries in the Democratic Republic of Congo. Rescuers are still searching for five unaccounted for individuals after a "geotechnical failure" this morning at the north wall of the open pit KOV mine run by Kantanga Mining. [...]
Brent crude and WTI oil prices: Brent falls back below $40 a barrel in choppy trade

March 8, 2016

Oil prices wavered in and out of the red today, as investors weighed mixed messages from the market. Brent crude, the global benchmark, fell 2.2 per cent to $39.94 per barrel in afternoon trading. Meanwhile, West Texas Intermediate crude, the US benchmark, slumped 2.7 per cent to $36.88 They'd inched into positive territory earlier, with analysts telling Reuters [...]
Glencore’s chief executive Ivan Glasenberg took home £1.1m last year

March 8, 2016

Embattled Glencore's top dog took home a sizeable £1.1m last year, despite the commodities trader and miner's share price plunging 69 per cent during this period. The company's chief executive Ivan Glasenberg was paid a total of $1.5m last year (£1.1m) in pay and pensions according to the its annual report released today. Nevertheless, the figure was broadly in [...]
North Sea oil industry calls for urgent rescue package ahead of Chancellor George Osborne’s Budget

March 8, 2016

The North Sea oil industry today called on the chancellor to deliver an "urgent" rescue package in next week's Budget, a move which will safeguard its increasingly uncertain future in the face of tumbling crude prices. Trade body Oil & Gas UK warned some 14bn barrels of an estimated 20bn barrels of oil located around [...]
UK wages and jobs: REC warns UK jobs market faces “serious threats”

March 8, 2016

A leading recruitment organisation today warned that the UK jobs market will face a cocktail of "serious threats" in the coming months. It comes as the Recruitment & Employment Confederation's (REC) monthly report showed permanent jobs and accompanying starting salaries grew at the quickest pace in three months in February. Meanwhile, demand for permanent staff saw its sharpest increase [...]
Why you can’t trust your financial adviser: Seven per cent of US FAs have misconduct records

March 8, 2016

Financial advice is a mixed bag. Taking it might save an individual money in the long run, and yet some financial advisers push products for their own personal gain (i.e. generous commission payments) rather than the a customer's best interests. Research by economists Mark Egan, Gregor Matvos and Amit Seru paints a sobering picture of the [...]

Energy price cap: Household bill spike could be lower than originally feared

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

In the watch world, exposed movements usurp the vintage revival

By: Jessica Morris

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