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The Jakarta Post
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oil-price

Saudi triples VAT, suspends handouts in virus-led austerity drive
Business 2 months ago

Saudi triples VAT, suspends handouts in virus-led austerity drive

The austerity drive could stir public resentment amid an already high cost of living and intensify s...
Rare Saudi resistance hits futuristic megacity project
World 2 months ago

Rare Saudi resistance hits futuristic megacity project

A rare revolt by a Saudi tribe has spelt fresh trouble for a planned Red Sea megacity, a linchpin of...
Gas price reductions harm upstream industry
Opinion 2 months ago

PREMIUM
Gas price reductions harm upstream industry

According to ministerial decree No.8/2020, the cut in the gas price at the wellhead – the prod...
AKR Corporindo profit up 13% in Q1 as COVID-19 impacts loom
Business 3 months ago

AKR Corporindo profit up 13% in Q1 as COVID-19 impacts loom

AKR Corporindo pocketed Rp 277.77 billion (US$18.03 million) in net profit, up 13 percent year-...
Oil prices claw back losses as storage fills less rapidly than feared
Business 3 months ago

Oil prices claw back losses as storage fills less rapidly than feared

US West Texas Intermediate (WTI) crude futures climbed to a high of US$14.40 a barrel and were up 15...
Oil prices tumble as world's storage tanks fill up amid demand shock
Business 3 months ago

Oil prices tumble as world's storage tanks fill up amid demand shock

Strategists said part of the WTI decline is due to retail investment vehicles selling out of the fro...
Singapore coastline packed with ships full of oil no one wants
Business 3 months ago

Singapore coastline packed with ships full of oil no one wants

About 60 clean fuel tankers are currently anchored along the busy strait, up from the usual 30-40 sh...
When oil became waste: A week of turmoil for crude, more pain to come
Business 3 months ago

When oil became waste: A week of turmoil for crude, more pain to come

In just a few months, the coronavirus pandemic has destroyed so much fuel demand.
Oil falls as crude in US storage nears all-time high
Business 3 months ago

Oil falls as crude in US storage nears all-time high

US crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record ...
Oil extends gains, but still under pressure from virus
Business 3 months ago

Oil extends gains, but still under pressure from virus

West Texas Intermediate was up 3.5 percent at US$14.27 a barrel while international benchmark Brent ...
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