Sunday, January 24, 2016

CHINA PLANS TO END EV SUBSIDIES AFTER '20 .... MOODY'S CUT OIL PRICE FORECAST IN '16 TO $33/BL

69 US oil/gas comps under credit review for downgrades. Moody's includes Shell, Statoil, Total. 4 largest banks setting aside $2.5B for bad energy loans.

80% chance of Venezuela default in '16. $120B debt. Petrobras debt $125B. Also in question.

Israel calling for independent Kurd nation.

al-shabaab struck Mogadishu restaurants. (Um, stop eating out when not in US?)

Ukraine between Russia, EU on NG prices.

Iran sent 98% of its enriched uranium out of country. To where?

No Iran tankers loaded with oil had departed as of the 18th.

Alberta oil facility - CNOOC subsidiary - had unexplained explosion Jan15. 1 death. 50Kb/d synthetic oil production shutdown. (Forces trying to squeeze down global oil production any way they can.)

China oil production costs over $40/bl.

Bank of America Merrill Lynch high yield energy bond index at 17.4%. Record high.

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