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crude-oil

Middle East and Africa 2 months ago

Iran threatens US-linked oil targets after Trump says Kharg bombed

Trump had also threatened to hit the island's oil infrastructure if Tehran did not allow passage for ships via the strategic Strait of Hormuz, through which a fifth of global crude oil and liquefied natural gas normally pass.

Companies 2 months ago

PREMIUM
Pertamina vessels among 200 tankers stranded in Gulf

Ships operated by state-owned energy firm Pertamina with a combined capacity of about 450,000 deadweight tonnes are stuck in ports as the US-Israeli war against Iran disrupts navigation in the Strait of Hormuz.

Markets 2 months ago

Crude soars, Asian stocks drop after US strikes on Iran

Analysts do not rule out the possibility of oil prices hitting US$100 a barrel, a level last seen at the start of the war in Ukraine.

Economy 3 months ago

PREMIUM
Pertamina denies Russian crude imports as EU mulls sanctions

The European Union has proposed unprecedented sanctions against Indonesia’s Karimun Port for handling Russian oil.

Economy 3 months ago

PREMIUM
Indonesia imports Russian oil in December and January, data shows

The imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.

Economy 10 months ago

PREMIUM
Oil and gas revenue to miss target amid price slips

While revenue has weakened, investment in the upstream sector posted strong growth.

Markets 1 year ago

PREMIUM
RI to increase share of LPG imports from US to 85 percent

LPG is the primary cooking fuel for households across the country and Indonesia largely relies on imports of the commodity to meet domestic demand.

Economy 1 year ago

PREMIUM
Govt wants exported crude oil to go to domestic refineries instead

The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, urging the government to diversify the downstream oil and gas industry in order to offset potential revenue losses from reduced exports.