IMF favours removing energy subsidies worth $485 billion to tackle climate change

WASHINGTON: Emphasising that climate change must be high on the priority list for all nations, the IMF has called for getting the pricing right and removing subsidies on energies that amounts to nearly $485 billion.

IMF sees $160 oil risk despite Libyan boost

Libya's oil exports have rebounded much faster than expected and will exceed pre-Arab Spring levels as soon as April, plugging a crucial gap in world crude supply as the Iranian crisis comes to the boil.

IMF chief Christine Lagarde fears oil spike poses serious threat to global recovery

The International Monetary Fund has warned that surging oil costs pose a serious risk to the global economy, threatening to smother expansion before a fresh cycle of growth is safely under way.