James Fontanella-Khan Spot News

- Oil price fall brings opportunity
BMI’s expect direct flight between London and Baghdad to begin next spring (FT)

- Exxon keeps buy-backs on the agenda
The world’s biggest oil group reported a 58% drop in profits for the quarter (FT)

- ‘Greenwash’ hype fails to sway consumers
Consumers attach little credibility to companies’ environmental marketing messages (FT)

- De Beers diamond production drops 90%
The world’s top diamond miner shut its African mines to stimulate supply and demand (FT)

- Mexico’s Pemex posts $1.9 bln loss as output falls
Mexico’s state oil company hurt by lower production, oil prices and the peso decline (Reuters)

- Regulator backs Australian gas project plan
Gorgon project is one of the world’s largest gas developments (FT)

- Woodside freezes salaries, cuts budget after energy prices drop
Australia’s second-biggest oil and gas producer hit by global slowdown (Bloomberg)

- Metinvest buys $1bn United Coal
The deal shows some of Ukraine’s businessmen are sufficiently cash-rich, say analysts (FT)

- UK ‘will struggle’ to meet 2020 renewables goal
Scientists reveal scenarios for how lifestyles and energy generation must change (Guardian)

- BG suffers smaller profits decline than rivals
Smaller decline in profits than others stressed the ‘resilience’ of its earnings (FT)