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0 0.00257069408740366 0.00255784061696667 0.00255784061696667 0.00257069408740366 -0.0128534704370179 -0.0128534704370179 -0.0128534704370179
Stock impact report

U.S. energy industry steps up lobbying for Fed's emergency aid: letters [Reuters]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: Reuters
U.S. energy industry steps up lobbying for Fed's emergency aid: letters WASHINGTON/NEW YORK (Reuters) - The U.S. energy industry has asked the Federal Reserve to change the terms of a $600 billion lending facility so that oil and gas companies can use the funds to repay their ballooning debts, according to a letter seen by Reuters. The effort comes at a time of intensifying pain for the sector as U.S. crude oil futures traded in negative territory on Monday for the first time in history on worries of massive oversupply. So far, the energy industry has largely missed out on federal support to businesses hurt by the novel coronavirus economic disruption, but it is hoping it can benefit from the Fed’s Main Street Lending Program due to launch in coming weeks. The Fed has been deluged with roughly 2,000 letters seeking changes to the rules of the program, under which the Fed will purchase 95% of eligible bank loans to small- and medium-sized businesses. The terms of that and other federal Show less Read more
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