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Economy 5 months ago
Indonesia estimates up to $5.9b needed for extra energy subsidies due to Iran war
Initially, the government budgeted Rp 381.3 trillion (US$22.5 billion) to pay for energy subsidies and also compensate state energy firm Pertamina and utility company PLN for their efforts to keep some fuel prices and electricity tariffs at an affordable level.
Economy 5 months ago
PREMIUM
Inflation down despite oil price surge, Idul Fitri demand spike
Inflation in Indonesia has slowed down in March despite surging global oil prices and elevated demand over the Idul Fitri holidays, but analysts warn of rising inflationary pressure as the Iran war drags on.
Academia 5 months ago
A riskier Middle East will drive Big Oil toward new frontiers
The reputational damage to the Middle East due to the Iran war may spur oil majors and the industry as a whole to realign their investment focus, though a shift to potentially higher-risk regions will lead to an inevitable rise in energy prices.
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