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crude-oil

Business 5 years ago

Medco cuts capex and production over oil price crash

Publicly listed oil and gas company PT Medco Energi Internasional has slashed its capital expenditure and production targets this year because of weakened global investment and demand caused by the recent oil price crash.

Business 5 years ago

Jokowi orders ministries to crunch numbers on plunging oil prices

The Energy and Mineral Resources Ministry announced plans to increase oil imports while the country’s Finance Ministry announced it would monitor the potential impact of the price plunge on the state budget.

Business 5 years ago

Oil plunges about 30% after Saudi Arabia slashes prices, opens taps

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak.

Business 6 years ago

PREMIUM
US-Iran row exposes another threat to the Indonesian economy

The heightened tension between the United States and Iran after a US air strike killed influential Iranian general Qasem Soleimani last week will add to the global economic uncertainties, which could further affect Indonesia’s exports, analysts have said.

National 6 years ago

Five arrested in Riau on suspicion of tapping into Chevron pipeline

The suspects are accused of stealing up to 349,000 liters of crude oil, causing more than Rp 1.9 billion (US$135,172) in losses.

Business 6 years ago

Pertamina claims 20% net profit growth in first half

State energy giant Pertamina claimed on Wednesday that it booked 20 percent growth in net profit in the first half year-on-year, without disclosing the exact figure.

Business 6 years ago

Pertamina domestic crude intake jumps 800 percent

The supply up to June had come from 37 different private oil and gas contractors.

Business 6 years ago

Pertamina confirms first import of US crude

A Pertamina executive has confirmed reports that it is importing crude oil from the United States.

Business 7 years ago

Pertamina signs crude oil contracts with 11 companies

State-owned oil and gas holding company Pertamina’s wish to reduce crude imports is likely to be granted after it signed crude oil supply contracts with 11 oil and gas contractors operating in Indonesia (KKKS).

Business 7 years ago

Government to recalculate impact of B20 policy

Deputy Energy and Mineral Resources Minister Arcandra Tahar has said the government is now recalculating the impact of the use of 20 percent blended biodiesel (B20) on the government’s effort to reduce imports of crude oil.

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crude-oil

Medco cuts capex and production over oil price crash

Jokowi orders ministries to crunch numbers on plunging oil prices

Oil plunges about 30% after Saudi Arabia slashes prices, opens taps

PREMIUM US-Iran row exposes another threat to the Indonesian economy

Five arrested in Riau on suspicion of tapping into Chevron pipeline

Pertamina claims 20% net profit growth in first half

Pertamina domestic crude intake jumps 800 percent

Pertamina confirms first import of US crude

Pertamina signs crude oil contracts with 11 companies

Government to recalculate impact of B20 policy

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PREMIUM
US-Iran row exposes another threat to the Indonesian economy