Energy Update

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MADRID, Dec 7 (Reuters) - Spain's Abengoa, facing a cash crunch in the next week, is negotiating a multi-million euro lifeline with creditor banks which have asked the company to guarantee with new assets, sources familiar with the talks said on Monday.

BERLIN, Dec 7 (Reuters) - International Monetary Fund chief Christine Lagarde called on Monday for tax reforms to be included in a global climate deal to raise incentives for consumers to reduce their energy consumption and to boost demand for cleaner fuels.

Renewable energy developers are increasingly selling wind power straight to the users, tapping a new customer base as some traditional utility buyers are backing away.

* Options show bets rise on "lower for longer" (Updates with options prices, adds comment)

Congress is debating whether to renew an investment tax credit that for nine years has helped put solar panels on rooftops across the country.

* Iran, powers push ahead towards sanctions relief for Tehran

* Israeli firms continuing talks with Egyptian side (Adds details, quotes, background)

LONDON, Dec 7 (Reuters) - Europe's new status as the dumping ground for the world's excess diesel comes to a head this month as mild weather, strong refinery runs and months of building stocks combine.

VIENNA, Dec 7 (Reuters) - Russia's envoy to the U.N.'s nuclear watchdog said on Monday he expected that a historic nuclear deal between Iran and world powers would be implemented in January, leading to sanctions relief for Tehran.

JAKARTA, Dec 7 (Reuters) - The speaker of Indonesia's parliament on Monday denied seeking to extort shares in the local unit of Freeport McMoRan Inc to ensure a contract extension for the mining firm, a member of the assembly's ethics panel said.

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