Tag: Oil Slump
Canadian banks vulnerable to oil shock – Fitch
Fitch warns about banks’ exposure to oil field services, commercial loans tied to energy production NEW YORK – Canada’s commodity-reliant economy will be facing challenges that pose new risks to Canada’s major banks if oil prices remain “lower for longer” and/or this creates a macroeconomic shock to the economy, according to Fitch Ratings. “So far Canadian Banks have […]
North Dakota drill rig count to drop below 100
North Dakota drill rig count below 100 for the first time in 5 years The North Dakota drill rig count in the state’s western oil patch has slipped below 100 for the first time in five years due to the sagging price of crude. There were 98 rigs drilling in North Dakota on Wednesday. That’s […]
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