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FT announces reopening of Houston bureau

As part of its ongoing expansion in the United States, the Financial Times has announced the reopening of the Houston bureau and the appointment of Justin Jacobs to the position of Houston correspondent.

FT announces reopening of Houston bureau
Peter Spiegel: “Our US expansion plans are focused on the big, global industries where American business plays a leading international role.” Photograph: Houston, by Vlad Busuioc on Unsplash.

Jacobs is the newest addition to the FT’s growing energy team led by Derek Brower, the US energy editor.

Jacobs, who comes to the FT from IHS Markit where he was a principal analyst, will cover some of the world’s most valuable companies, including ExxonMobil, and will assist in covering the broader energy story in the Americas, including the ongoing impact Venezuela’s economic implosion is having on the global oil market.

“Our US expansion plans are focused on the big, global industries where American business plays a leading international role, and no sector fits that bill better than energy — and Houston is at the epicenter,” said Peter Spiegel, US managing editor. “We’ve continued to invest in the US and in the energy sector, and reopening a bureau in Houston is evidence of that commitment. We’re extremely pleased to add Justin’s expertise and reporting chops.”

Jacobs has covered the industry in roles around the globe, including in Washington DC, London and Beijing. In his role at IHS Markit, Jacobs analysed energy markets for financial services clients, focused on shale and other US issues, Venezuela, geopolitics, ESG investing and the energy transition. Prior to that, he was at Petroleum Economist, reporting on high-profile topics ranging from US shale, corporate strategy, Venezuelan oil and politics, Brazil’s deep-water, and China’s state oil companies. Additionally, he has served as a contributor for Oxford Analytica and as an energy analyst for Business Monitor International.

Jacobs earned his MA in international studies from Goldsmiths, University of London and holds a degree in finance from University of Colorado at Boulder.

His hire follows the appointment of Brower to US energy editor at the beginning of 2020.

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