WORLD FINANCE UPDATE:

The Australian dollar is lower after oil prices fell to fresh five-year lows after the International Energy Agency cut its oil-demand forecast for 2015.

At 0630 AEDT on Monday, the local unit was trading at 82.36 US cents, down from 82.72 cents on Friday.

And the Australian share market looks set to open sharply lower after Wall Street and European stocks plummeted following another big drop in oil prices.

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At 0645 AEDT on Monday, the December share price index futures contract was down 63 points at 5,154.

ELSEWHERE:

TRIPOLI - Libya's largest oil shipping terminal has been shut down due to clashes between rival militias.

WASHINGTON - The US Congress has passed a $US1.1 trillion ($A1.19 trillion) spending bill for fiscal year 2015, capping a week of acrimonious wrangling while averting a government shutdown.

WASHINGTON - A fall in producer prices in November shows US inflation is still in check, according to Labour Department figures.

BRUSSELS - Industrial output in the eurozone rose a very slight 0.1 per cent in October, official data shows, in another sign that the European economy remains stalled.

WASHINGTON - Ratings agency Fitch has cut France's credit grade by one notch to "AA", saying the country's efforts to trim its fiscal deficit have fallen short to avoid a downgrade.

WASHINGTON - International Monetary Fund Managing Director Christine Lagarde says she's disappointed that the US Congress failed this week to ratify crucial IMF reforms supported by other major countries.

CAIRO - Egypt's stock market has plunged by 22 billion Egyptian pounds (just over $A3.25 billion) in a single day, with low oil prices dragging down regional economies.

LUXEMBOURG - The suspected leaker of documents that revealed secret tax avoidance deals between Luxembourg and hundreds of multinational companies has been charged with theft and money-laundering, prosecutors say.

NEW DELHI - India's Supreme Court has rejected German drug manufacturer Bayer AG's plea to block production of a cheaper generic version of a patented cancer drug, in a ruling that ensures the medicine will be affordable for local patients.

LONDON - An early version of the screenplay for the new James Bond movie Spectre is among the material stolen in a massive cyber attack on Sony Pictures Entertainment.

ORLANDO, Florida - SeaWorld Entertainment Inc is laying off more than 300 workers in the United States, a day after its CEO announced he's resigning.