Slip sliding oil and inflation data

Producer price inflation data, consumer sentiment and industrial production are on tap for Friday, but traders may be diverted more by other factors, such as whether oil continues to slide.

For Norway, Oil at $50 Is Worse Than the Global Financial Crisis

When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That's another story.

Angola says $80 might be right oil price

Vienna (AFP) - OPEC member Angola declared Tuesday that $80 might be the "right oil price" for the market, ahead of this week's key production meeting in Vienna."

As oil prices continue to fall, could it spell global trouble for the year ahead?

As oil producers count the cost of the plunging oil price, countries that rely on oil imports are rubbing their hands.

Oil Rises as Price Plunge Puts Pressure on OPEC to Act

Brent advanced on speculation that the drop in prices below $80 a barrel for the first time in four years increases the likelihood that OPEC will curb output.

Scientists Urge Environmentalists to Support Nuclear Energy

Four prominent climate scientists are urging environmentalists to support the development of "safer" nuclear energy systems as an alternative to fossil fuels that contribute to global warming.

Oil drilling technology leaps, clean energy lags

NEW YORK (AP) — Technology created an energy revolution over the past decade — just not the one we expected. By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all.

U.N. nuclear chief rejects Iran "saboteurs" accusation

LONDON (Reuters) - The U.N. nuclear chief said on Wednesday that Iran's allegation his agency may have been infiltrated by saboteurs was baseless and voiced concern about "intensive activities" at the Parchin military installation that his inspectors want to examine.

Oil price near four-month high after Fed move

Oil prices rose for the eighth session in a row, with Brent crude trading near a four-month high, boosted by the Federal Reserve's move last week to stimulate the US economy.

Saudis 'may run out of oil to export by 2030’

A report by Citigroup has warned that Saudi Arabia could run out of oil to export by 2030, raising fears that oil prices may rise significantly in coming years.

Australia's mining boom is over, says resources minister Martin Ferguson

Australia's resources minister, Martin Ferguson, has declared the nation's mining boom "over" after BHP Billiton, the world's biggest miner, delayed plans to build the largest open-pit mine in the world as the global economy slows.

Oil Reaches $95 a Barrel on Housing Permits, Middle East Tension

Oil climbed above $95 a barrel for the first time in three months as U.S. building permits reached a four-year high and on concern that Israel will strike Iran and disrupt supplies from the Middle East.

Trade deficit narrows on exports, cheaper oil

(Reuters) - The trade deficit narrowed slightly in May as lower oil prices and a rise in exports, including those bound for Europe and China, eased the pain of a slowdown in the broader economy.

G-8 Leaders to Discuss Oil Market as Iran Embargo Nears

The impact on oil prices from sanctions on Iran will be on the agenda when President Barack Obama meets with other leaders of the Group of Eight nations, National Security Adviser Tom Donilon said.

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.

The oil market is warming up

The global economy remains vulnerable to steep rise in crude oil prices, which would raise business costs and hammer consumers.

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.

Oil producers tell G20 they will help avoid price pain: Italy

MEXICO CITY: Oil-producing members of the Group of 20 leading economies said on Saturday they would take measures to avoid a rise in petroleum prices from hurting the world economy, an Italian government official said.

Gas prices are highest ever for this time of year

NEW YORK (AP) — Gasoline prices have never been higher this time of the year.

Shell profits up 54% on firm oil prices

Concerns about corporate profiteering in the energy sector are likely to be reignited again on Thursday with Shell reporting a 54% increase in annual earnings to $28.6bn (£18bn) - £2.2m an hour.