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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ONS consumer price index: Motor fuel helps send UK inflation up by 0.3 per cent in January

February 16, 2016

Petrol prices helped Britain's annual inflation rate inch up to a 12-month high in January, figures released by the Office for National Statistics (ONS) today showed. The consumer price index (CPI) rose 0.3 per cent in the year to January, up from 0.2 per cent in December, and in line with economists' expectations. This means prices rose 7.9 per cent [...]
High street restaurant dishes from Pizza Express and Barburrito have more salt than a McDonald’s Big Mac

February 16, 2016

Popular dishes at some of Britain's best-known high street chains actually contain more salt than junk food favourites like a Big Mac and regular fries from McDonalds. That's according to research by Treated.com, which found some main course menu items on offer in high street chains such as Pizza Express and Barburrito "out-salt" what's generally seen as less [...]
Moody’s: How the oil price rout will affect Saudi Arabia’s economy

February 15, 2016

Saudi Arabia will be faced with tough choices when it comes to spending cuts if oil prices fail to recover in the medium-term. Oil prices have fallen around 75 per cent from a high of over $100 per barrel in June 2014. This has heaped pressure on the balance sheets of oil producing nations, such [...]
The UAE is offering India free oil in order to store crude there

February 15, 2016

With millions of barrels of oil sitting in tanks and oil fields across the world, the UAE is offering India free oil in exchange for storing the commodity there. Local media reports suggest that the United Arab Emirate's Abu Dhabi National Oil Company (Adnoc) has agreed to store crude in Indian's maiden strategic storage, giving away [...]
From Hinkley Point C to renewables: UK government intervention is damaging Britain’s energy security

February 15, 2016

The UK’s electricity margins have become very narrow in recent years. National Grid’s latest winter outlook report suggests they are currently at just 1.2 per cent, increasing to 5.1 per cent with the use of emergency measures. These emergency measures, which include paying large businesses to stop using electricity, had to be used in November last year. National [...]
Centrica, E.ON and EDF: Moody’s puts 10 European utilities companies on negative watch

February 15, 2016

Credit ratings agency Moody’s has put 10 European utilities companies on negative watch, as they must contend with a harsher business environment amid tumbling commodity prices and ultra-low wholesale power prices. It includes London-listed Centrica, which the ratings agency said is vulnerable to low prices through its exposure to gas production and electricity generation. Big [...]
Shell share price rises as it completes takeover of BG: Are energy companies’ forecasts in line with reality?

February 15, 2016

As Royal Dutch Shell's takeover of BG completes today, it's time to take stock and question the aptness of energy company's forecasts. Shell has said that the deal with BG will work with oil prices in the low $60s, however a number of analysts have since cut their forecasts for Brent crude. At the beginning [...]
Hinkley Point C final investment decision not on agenda at EDF board meeting today

February 15, 2016

The widely anticipated final investment decision for Hinkley Point C won't be on the agenda of EDF's board meeting today, as some commentators had expected. The French energy giant's board will focus on the firm's 2015 earnings which are due to be released tomorrow, a source told Reuters. The final investment decision was delayed last month amid [...]
Russia: Better Iran-Saudi Arabia ties will help oil prices

February 15, 2016

Russia has indicated it would like to see better relations between regional rivals Iran and Saudi Arabia, at a time when oil markets are awash with speculation of a production cut deal. A senior official at Russia's foreign ministry, Zamir Kabulov, reportedly said that this would help oil prices, which have fallen to around $33 per [...]
Shell share price rises as it completes takeover of BG: But merger could make sense with oil prices below $60 per barrel

February 15, 2016

When Shell announced the takeover of BG last year, Brent was around $55 per barrel. By the time the deal was approved earlier this year, the price of a barrel of crude was hovering around $30, continuing its downward trajectory which began in August 2014. To give some wider context, Brent at one point fell [...]

Burnham launches bid to stand as Labour MP in by-election

Why authenticity is key to US sport succeeding in Europe

This Soho pub is putting on a ‘problematic’ show about a drunkard

By: Jessica Morris

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