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IN Kuala Lumpur the price of RON95 petrol for the month of December is likely to be reduced by four sen, and for the same period, RON97 is expected to cost RM2.46 after the government agreed to lower its price by nine sen. On Nov 21, the government announced that fuel subsidies for RON95 and diesel would be removed from Dec 1. The decrease in the fuel price will benefit the people since, if fuel subsidies lead to an increase in prices, the price of express bus tickets should also be reduced when there is a drop in oil price. Federation of Malaysian Consumer Associations vice-president Mohd Yusof Abdul Rahman said money saved from the removal of subsidies could be used to upgrade the public transport system.

This article discusses the fact that most airlines won't reduce the fuel surcharge given to customers even as the global price of fuel drops.

A small but growing number of multimillion-dollar investors requested on a United Nations summit this week to take more aggressive steps towards preserving our planet. A main reason for this movement is carbon dioxide emissions that are produced by combustion of fossil fuels, such as oil, coal or natural gas. Furthermore, this is a direct cause for the rise in average global temperatures over the last 150 years. One of the most significant demands for the government was to invest more in the clean, renewable energy.

This article talks about how a new Indian prime minister, Modi, benefited from successfully predicting the oil market. The oil prices dropped significantly after the year of 2010, and the Brent crude oil became the cheapest of all the oils. This means that the demand for it is also the lowest, however since Modi carefully observed the demand and supply of oil, he concluded that demand and supply haven't changed much, however the price did get lower. Thus, he increased the prices of oil, trying to reach the state of equilibrium.

This article discusses the need for oil and how increase in demand in certain areas of the world cancel out decreases in other parts creating a worldwide balance. It also discusses what would happen were some factors to change e.g. increased interest in renewable fuels