Energy Update

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* Index on track for flat week after hitting near 18-month
high

Dec 2 (Reuters) - A Nebraska nonprofit on Friday said it
will propose that Warren Buffett's Berkshire Hathaway Inc
sell its investments in oil refiner Phillips 66
and other companies involved in fossil fuels over 12 years.

GENEVA, Dec 2 (Reuters) - European resistance to China's
massive bicycle industry is just one potential stumbling block
for environmental trade talks this weekend in Geneva, where
World Trade Organization members could pave the way to scrap
tariffs on exports worth over $1 trillion.

Originally focused solely on helping intrepid trekkers survive and enjoy India's Himalayas, Global Himalayan Expeditions (GHE) is bringing safe, reliable and affordable electricity to remote mountain villages and communities in India's Kargil and Ladakh provinces that date back centuries.

* Post-Soviet era high of 11.21 million bpd hit in Nov
* Russian output up 500,000 bpd since Aug
* Most OPEC members to cut from Oct levels
* First joint cut between OPEC and Russia since 2001

BAKU, Dec 2 (Reuters) - Azerbaijan's state oil fund SOFAZ is
committed to keep improving transparency, its executive director
said, in order to meet a key international benchmark that would
make the country more attractive to foreign investors.

WASHINGTON, Dec 2 (Reuters) - Donald Trump's transition team
is examining proposals for new non-nuclear sanctions on Iran,
the Financial Times reported on Friday, citing congressional
sources who have been in contact with the president-elect's
team.

Scottish Ministers have granted their approval for the construction and operation of a 400-MW pumped-storage hydroelectric plant at the Glenmuckloch surface coal mine.

Last month, politicians, energy executives, and energy experts met in Istanbul for the 23rd World Energy Congress. A new report written by Arup for the congress outlines that although cities consume the majority of the world’s energy and house the majority of its people, they have little control over how energy is produced, distributed, or used.

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