Tag: energy

Activity, Investment Banking

Bank of America downgrades Chevron, citing risk of losing some overseas production deals

September 6, 2018


Bank of America Merrill Lynch is getting less optimistic on Chevron shares due to rising competition over energy deals. The firm lowered its rating to neutral from buy for Chevron shares, saying the renewals for the company’s key Asian projects […]

Capital and Risk, Macroeconomic

How Falling Energy Prices Are Affecting the U.S. Banking Industry

April 19, 2016

Via: TheStreet

Although low oil prices have often been assumed to be a good thing for the U.S. economy, recent news shows that this isn’t actually the case, particularly in the banking sector. Several banks have reported drops in net income and […]


Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed

February 11, 2016

Via: Insurance Journal

The¬†insurance¬†industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 percent or […]

Activity, Investment Banking

Expert: Energy sector will be profitable in 2016

December 28, 2015


Craig Columbus of Tower Square Investment Management said Monday that the worst-performing sector in 2015 will be profitable next year. “We are now at peak energy pessimism. If you look at commodity bear-market cycles, they typically last 20 years, but […]