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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Star investor Jim Rogers predicts US recession within a year

March 4, 2016

One well-known investor has said that he thinks there's a 100 per cent probability of the US economy sliding into recession within one year. Jim Rogers, the chairman on Rogers Holdings, told Bloomberg TV: "It's been seven years since we had the last recession in the US, and normally, historically we have them every four to seven [...]
Brent crude and WTI: Oil prices stay higher after US jobs report

March 4, 2016

Oil prices rose today, as strong US employment data fed into optimism that the market may have finally bottomed out. Brent crude, the global benchmark, rose 1.4 per cent to $37.59 per barrel this morning, putting it on course to end the week with a gain of more than five per cent. Meanwhile, West Texas Intermediate crude, [...]
Glencore, Anglo American and Antofagasta share price: FTSE miners continue rally as copper prices pop

March 4, 2016

London-listed miners continued to rally today, as copper prices surged towards the biggest weekly gain in four months as investors returned to riskier assets. Bright economic data out of the US, coupled with rising oil and commodity prices have encouraged investors. It was reinforced by hopes for further monetary stimulus from China. On the London Metal [...]
North sea oil firms warned of serious organised crime threat from gangs as prices fall

March 4, 2016

The embattled North Sea oil sector has been warned it's being targeted by gangs of organised criminals, as firms there cut costs in the face of tumbling oil prices. Police are approaching big companies on concerns that gangsters could try to undercut legitimate businesses which provide waste or security services. Oil prices have fallen from [...]
Dallas Fed warns oil market won’t stabilise this year

March 4, 2016

The Dallas Fed chief said the oil market won't rebalance this year, as he warned persistent weakness in the energy sector could send "negative ripples effects" through financial markets. Robert Kaplan, Dallas Fed president, said demand and supply won't balance until mid-2017, however this could change if the Organization of the Petroleum Exporting Countries (Opec) alters its production strategy. "This forecast [...]
London Stock Exchange group revenue rises as deal talks with Deutsche Boerse continue

March 4, 2016

Shares in the London Stock Exchange fell one per cent to 2,863p per share this morning, despite the company reporting gross profit rose 40 per cent in 2015. The figures The London Stock Exchange group's gross profit rose 40 per cent to £1.8bn in the year ended 31 December, from £1.3bn a year earlier. This came [...]
BHP Billiton downgraded by Moody’s as commodity price rout continues to bite

March 3, 2016

Moody's have downgraded BHP Billiton debt rating, saying the prolonged commodity price rout will continue to eat into the miner's balance sheet. The credit rating agency cut BHP's long-term debt rating by two notches to A3, citing the impact of metal prices on its earnings and cash flow. BHP today said that it will pay at least $1.1bn in compensation [...]
Genel share price soars despite biggest loss ever: Former BP boss Tony Hayward oil firm Genel falls to £1bn loss

March 3, 2016

Genel shares closed up 13.5 per cent today at 88.25p per share, despite reporting its biggest annual loss since a stock market flotation four years ago. This followed a previously announced writedown to its oil field reserves in Iraqi Kurdistan. The figures Genel's losses before tax ballooned by 271 per cent to $1.2bn, up from $312.8bn in 2014. Its revenue fell 33.8 per cent [...]
Seven years of quantitative easing and 0.5 per cent interest rates by the Bank of England: Who are the winners and losers?

March 3, 2016

This Saturday will mark seven years since the Bank of England enacted its historic quantitative easing programme, and cut the UK’s main interest rate to 0.5 per cent, in a bid to save it from the financial crisis which was then tearing across the globe. Just like any other policy, it has thrown up winners and losers. Investors who [...]
Amec Foster Wheeler wins £125m BP contract

March 3, 2016

There was another slither of good news for investors in Britain's largest oil and gas engineering group today, after it announced a £125m with energy giant BP to build a plant for its Forties Pipeline System in the North Sea. It comes a day after Amec revealed a new deal for its £1.7bn debt facility. The move is expected to shore up its balance [...]

US law firms lead London hiring, fuelled by private capital growth

Exclusive: Brits say taxpayer shouldn’t bail out struggling football and rugby clubs

Meet the Rolls-Royce inspired by vintage video games

By: Jessica Morris

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