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SAO PAULO/BRASILIA, Dec 18 (Reuters) - Brazil's economy is reeling from its worst year in a quarter century, and judging by major companies' investment plans for next year, things are about to get worse.

A five-year extension of the ITC will accelerate the solar market in the U.S. driving a doubling of cumulative deployment by 2020, according to Paula Mints, Chief Market Analyst with SPV market research.

Platts editors briefly explain the workings of the Platts Market On Close (MOC) assessment process which provides an opportunity for the industry to remove any ambiguity and focus on price.

Dec 18 (Reuters) - U.S. energy firms this week added oil rigs for the first time in the last five weeks, data showed on Friday, despite continued weak crude prices.

BRUSSELS, Dec 18 (Reuters) - Italy's Prime Minister Matteo Renzi openly attacked German policies at a European Union summit on Friday, criticising Berlin's stance on banking, energy, migration and Greece.

NEW YORK, Dec 18 (Reuters) - Oil rose 1 percent on Friday on pre-weekend short-covering and buying support with prices at seven-year lows, although Brent and U.S. crude both headed for a third week of losses driven by glut worries.

The Oregon Department of Energy said on Dec. 16 that it has awarded $295,000 in state and federal funds to the Eugene Water & Electric Board for a pilot project that demonstrates energy storage and microgrid technologies.

LONDON, Dec 18 (Reuters) - Britain's last deep coal mine closed on Friday, bringing the curtain down on an industry that once employed more than 1 million miners at over 3,000 collieries.

RIO DE JANEIRO, Dec 18 (Reuters) - Before dawn one day in August, two men disguised as fishermen hid in the dark outside the compound of an oil service company on Rio de Janeiro's picturesque Guanabara Bay, the site of next year's Olympic sailing competition.

* Official says companies would be advised to wait for decision

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