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View all search resultscrude-oil
Archipelago 1 day ago
PREMIUM
AGO sells Iranian oil for Rp 900b as super tanker still has no buyer
The Attorney General's Office (AGO) decided to separate the auction of the MT Arman 114 super tanker and its load of some 1.2 million barrels of crude oil, after three failures to auction them as a package.
Academia 1 month ago
PREMIUM
Why we should care about Iranian and Venezuelan oil
In the world of oil, massive reserves mean nothing if a refinery can't digest the barrel. For Indonesia, the choice between Iranian and Venezuelan crude isn't a matter of geopolitics—it’s a test of technical compatibility and bottom-line survival.
Archipelago 1 month ago
PREMIUM
AGO to expedite auction of seized Iranian tanker in Batam
After two auctions failed to produce a buyer, the tanker and its cargo of crude oil remain idle in Batam, though it could be used as a "bargaining chip" to seek the release of two Indonesian vessels stuck in the Gulf, an expert suggests.
Economy 1 month ago
PREMIUM
Govt doubles down on diplomacy as Hormuz risks persist despite ceasefire
Pertamina is racing to secure the release of two of its tankers stuck in the Persian Gulf through diplomatic channels, as analysts warn that the recent US-Iran ceasefire does little to guarantee safe passage through the politically charged Strait of Hormuz.
Regulations 1 month ago
PREMIUM
Govt dithers on potential fuel price hike
The government will not hike fuel prices heading into the new month despite growing pressure on the state budget because of a rapid rise in global oil prices as nations scramble for crude oil amid the United States-Israeli war on Iran.
Regulations 2 months ago
PREMIUM
Indonesia mulls WFH as fuel-saving measure amid Middle East conflict
As a result of the war between Iran and the US and Israel, global crude oil prices have increased to above US$100 per barrel, far exceeding the $70 per barrel assumption in the 2026 state budget, which may result in higher energy subsidies.
