Low Oil Prices Cost Exporters More Than Aid Importers, IMF Says

Tumbling crude prices will cost oil producing countries fiscal losses worth about 4 percent of their economies this year, the International Monetary Fund said, listing Venezuela and Iraq among those most severely hit.

Europe's carbon cuts should be subject to Paris climate deal – EU energy chief

Europe should only push ahead with its planned cuts to carbon emissions if the rest of the world agrees to a global climate change deal at a crunch summit in Paris next year, according to the EU’s energy chief.

Indonesia MPs back budget package that would allow fuel price hikes

JAKARTA (Reuters) - Indonesian parliamentarians gave their backing to budget revisions that pave the way for long delayed cuts in fuel price subsidies, blamed for sapping the budget and undermining confidence in Southeast Asia's biggest economy.