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Friday, July 17, 2026

April 16, 2020

Canadian banks ease credit rules for energy companies to stave off defaults, bankruptcies- oil and gas 360

Canadian banks ease credit rules for energy companies to stave off defaults, bankruptcies

April 16, 2020

Reuters TORONTO – Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest slump ever. Banks are extending credit and waiving covenants for some energy companies to avoid forcing defaults and bankruptcies that

As the coronavirus pandemic bites, EDF lowers its nuclear output projections for 2020- oil and gas 360

As the coronavirus pandemic bites, EDF lowers its nuclear output projections for 2020

April 16, 2020

CNBC In the latest example of how the Covid-19 pandemic is impacting the energy sector, French utility EDF said Thursday that it was sharply revising down its projected nuclear output for this year. In a statement, the company said it expected its nuclear output for 2020 to be “in the region of” 300 terawatt hours (TWh) — a steep downwards revision to

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