Energy News Roundup: Banks, Commodities, Putin’s Energetic Confidence and Oil by Rail Regulations
Breaking Energy 2014-04-24
Summary:
Some banks are sticking it out in commodities as several others exit the business amid onerous regulations and decreasing profitability. The banks that stick around – including Goldman Sachs – face less competition. [Bloomberg] Putin feels emboldened by the fact that major western oil companies remain committed to Russia despite the current souring of relations