Energy Update
* Glencore to report production Feb.
LAUNCESTON, Australia, Feb 10 (Reuters) - - When the going gets tough, the tough ask for tax relief. If you are looking for a sign that the end game of the commodity downturn is getting closer, witness the clamour for more support from Australia's embattled resources sector.
Before diving into the current state of the world LNG market, Chris Pedersen takes a step back and looks at how we got to where we are today.
(Wed, 10 Feb 2016) Mining and exploration investment declined 35% in 2015, the second largest year-over-year decline since the U.S. Bureau of Economic Analysis began reporting the series in 1948. Most mining and exploration investment reflects petroleum exploration and development, but the category also includes natural gas, coal, and other minerals.
Feb 9 (Reuters) - Standard and Poor's cut the credit ratings of four U.S. regional banks by one notch on Tuesday, citing heavy exposure to energy loans whose credit quality has deteriorated over the past year due to depressed oil prices.
SolarCity Corp. is preparing to securitize a portfolio of more than 5,600 U.S. residential rooftop solar systems.
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