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Economy 2 days ago
China offers to work with Southeast Asia on energy security
China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.
Regulations 2 days 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.
Opinion 4 days ago
PREMIUM
Analysis: Strait of Hormuz blockade exposes Indonesia’s energy vulnerabilities
The closure of the Strait of Hormuz amid the escalating Middle East war has disrupted global oil and gas shipments, driving up prices and exposing Indonesia to serious energy and financial risks. Around 25 percent of the country's oil imports originate from the Middle East and pass through the strait, while domestic fuel reserves can only last for around 20 days. With oil prices recently surpassing US$100 per barrel and the rupiah weakening to around Rp 17,000 per United States dollar, Indonesia now faces an additional layer of economic and energy security risk. The administration of President Prabowo Subianto is therefore under pressure to secure alternative supplies and stabilize domestic markets.
Academia 1 week ago
PREMIUM
Time for emergency ASEAN Plus Three summit
An emergency summit could identify credible mediating actors and outline a division of labor among regional stakeholders to pursue arrangements that allow neutral inspection and joint coordination mechanisms to guarantee safe passage for energy shipments.
