Stubbornly low prices in response to global trends and suppressed demand from COVID-19 will harm oil and gas businesses, workers and communities.
Browsing: Oil and gas
As it marks its centennial, North Dakota’s public bank does its work through private-sector partnerships.
“If you’re in Midland, Texas, you’re in the oil business,” says Jay Isaacs. “It doesn’t matter if you have a doughnut shop or a dry cleaners.”
Community banks exposed to the oil and gas business tended to weather the recent downturn in oil prices well, according to research released in the FDIC’s Supervisory Insights publication today.
Credit risk in large, syndicated loans of more than $20 million dipped slightly but remains high for this phase of an economic expansion, according to the interagency Shared National Credits Review released today.
Total loan balances at FDIC-insured banks grew 6.8 percent between September 2015 and September 2016, with considerable growth occurring in commercial real estate, agricultural, and oil and gas lending portfolios, the agency said in the winter issue of its Supervisory Insights publication released today.
Problem loans have declined—but anxiety over credit quality is building.
U.S. banks have to date “successfully weathered the storm of low energy prices,” according to researchers at the Federal Reserve Bank of New York.
Credit risk in large, syndicated loans of more than $20 million remains high for this phase of an economic expansion, according to the interagency Shared National Credits Review released today.