What Are The Long Term Effects Of The Oil Crash For Canada?
It should come as no surprise that the oil price crash has hit Canada particularly hard. Much of the Canadian economy’s strength in the last few years was built around Continue Reading
Natural gas storage ends winter heating season at record high
Working natural gas inventories ended the winter heating season at 2,478 billion cubic feet (Bcf), exceeding the previous end-of-March record high of 2,473 Bcf, set in 2012, according to EIA’s Continue Reading
Wells Fargo Profit Drops as Energy Pain Spreads
Wells Fargo shares have declined about 10% so far this year. Wells Fargo WFC -0.49 % & Co.’s first-quarter profit fell 5.9% as the nation’s third-largest bank by assets said Continue Reading
MidAmerican Energy Makes Big Bet on Iowa Wind
Iowa, which already gets more of its power from wind than any other U.S. state, will become more reliant on the electricity source under a $3.6 billion plan announced Thursday by a Continue Reading
Energy XXI Files for Chapter 11 Bankruptcy Protection
The Houston-based energy firm, filed for protection under the Chapter 11 Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division, after signing a Continue Reading
Climate claims pile up on U.S. energy industry’s door
The U.S. oil and gas industry was working as early as the 1940s to spin the narrative on the role fossil fuels influenced the climate, a report finds. A series Continue Reading
BofA Misses Estimates on Slump in Deals, Energy Loan Losses
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. The stock fell in early trading. Net income Continue Reading
Tighter Monitoring Part of $890 Million Offshore Drill Rules
The Obama administration is imposing tough new regulations for offshore drilling nearly six years after the Deepwater Horizon disaster vividly illustrated the potential damage when things go wrong. Interior Secretary Continue Reading
Bank of America hit by weak trading, provisions for energy loans
Bank of America Corp, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit on Thursday as its trading business was hit by concerns about Continue Reading
Wells Fargo profit falls as bad loan provisions surge
Wells Fargo & Co’s ( WFC.N ) quarterly profit fell 7 percent as the No.3 U.S. bank by assets set aside more than $1 billion to cover bad loans, saying Continue Reading