Global energy sector 6% of global GDP.
(ISIS captured more ground, civilians in E Syria. Also pushing to take Syria city between Raqqa, Ramadi. 1M facing starvation in Syria. Mosel dam in Iraq feared in danger of collapse.)
Climate change increased odds of exceptionally high UK rainfall in Dec by 50-75%: scientists.
New satellite launched to measure global ocean heights.
Cook Islands on track for 100% clean/ren power by '20.
National Bank of Abu Dhabi to invest $10B in clean/ren power over next 10 yrs.
London announced new Green Finance Initiative.
New world low for wind power cost - $30/Mwh - in Morocco.
Referendum backed by utilities to make solar in Florida a constitutional right now in Florida Supreme Court.
Masdar to build 200Mw solar plant in Jordan for ~$200M. Jordan to provide land, grid link. Jordan to have 500Mw solar, wind by yearend.
Ontario utility to use Tesla Powerwall in microgrid test.
India regional govt to set up JV to develop 1Gw solar in desert near Tibet. India to add 2Gw solar capacity in next 3 months.
Hanwha (HQCL) selling over 53Mw UK solar portfolio for $90M plus working capital.
Class-action suit filed v. NV Energy over net-metering charges.
$46M of loans for 12Mw of clean energy projects in Africa, Caribbean.
Santander-backed fund unveiled 800Mw clean energy deployment plan for Mexico.
Saud oil exports at 7-mo high.
OPEC getting avg. $25.69 for their oil. Bakken wellhead price now ~$20. W Canada oil ~$15.
RBS: oil may go to $16. Standard Charter: maybe $10. EIA: glut until late '17, global production rise of 800Kb/d through '17.
Iran lately producing ~2.9Mb/d. Cost of production ~$10/bl.
Iraq Jan oil exports running 3.3Mb/d, up from Dec.
China oil demand to grow 300Kb/d in '16 v. 510K in '15: report.
China stocks trading @ 24-33x earnings v. US/Euro standard 15x.
China debt-to-GDP ratio up from 147% in '07 to 231% now.
Brazil: no further offshore deepwater oil/gas development until price recovery.
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