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.

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.

OPEC Earnings Fall With Oil Prices

The 9-month-old plunge in the price of oil combined with a decrease in exports cut into OPEC’s net earnings in 2014, according to estimates by the U.S. Energy Information Administration (EIA).

Modi Eases Fuel Controls in Move to Revive India Economy

India scrapped controls on diesel prices and increased natural gas tariffs in Prime Minister Narendra Modi’s biggest steps toward curbing subsidies, spurring energy output and reviving the economy.

Big six energy firms may lose quarter of customers by 2020, analysts warn

The big six energy suppliers are facing the loss of a quarter of their customers over the next six years, knocking £500m a year off their collective profits, City financial analysts have said.

Brazil's largest company, Petrobras, accused of political kickbacks

The brutalist headquarters of South America's biggest company, Petrobras, offers a harsh riposte to those who try to romanticise Brazil as a land of golden beaches and endless forest.

India to decide on diesel deregulation after state polls: oil minister source

(Reuters) - India will decide on whether to end government control of diesel pricing after elections in two states next month, an oil ministry source said.

Petrol prices at three-year low says AA

Petrol prices have fallen to their lowest in three years with the cheapest fuel sold in Yorkshire and the Humber, says the Automobile Association.

Wind of change sweeps through energy policy in the Caribbean

Aruba in the southern Caribbean has 107,000 people, a lot of wind and sun and, until very recently, one very big problem.

Petrobras Gets Fuel Price Increases to Ease Import Losses

Petroleo Brasileiro SA (PETR4) is increasing fuel prices as the world’s most indebted oil producer seeks to eliminate the gap between local and global values to help bolster profit.

Oil above $106 after China shows recovery signs

BANGKOK (AP) -- The price of oil rose slightly Monday after improved Chinese economic data last week suggested demand for crude might increase.

How the Alternative Energy Megatrend will impact global geopolitical relations

The Greening of Geopolitics

By Dr Alexander Mirtchev

The advent of renewable energies is generally regarded from a fairly narrow perspective: whether – and to what extent – they are able to replace fossil fuels and what this would mean for the energy system and the economy. Such a perspective profoundly underestimates the potential consequences of what is in fact a revolutionary global development: a socio-political and techno-economic megatrend that has the ability to become a global societal game-changer, writes Alexander Mirtchev, Vice-President of the Royal United Services Institute for Defence and Security Studies (RUSI). According to Mirtchev, the ‘Alternative Energy Megatrend’ will have far-reaching effects on global geopolitical relations and security concerns – effects that have yet to be fully grasped by most observers. This article is adapted from his upcoming book: “The Alternative Energy Megatrend: A Global Security Discourse in the Universally-Securitized World”.

Indonesia Raises Subsidized Fuel Prices Amid Riots

Indonesia raised domestic fuel prices for the first time since 2008 to cut subsidy costs and boost confidence in the nation’s currency in the face of protest rallies.

Rising costs drag oil and gas into factory age

LONDON/PERTH: Oil engineering consultant Steve earns 550,000 Australian dollars ($560,000) a year and is seeing new graduates signed up for six-figure salaries.

Consumers get break on lower gas prices

Relief at the pump meant a drop in overall prices in November, according to the government's latest inflation reading.

Rising gas prices crimp Americans' spending

WASHINGTON (AP) — Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.