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View all search resultsoil-price
Markets 2 months ago
Oil rallies, stocks tumble as Trump says US to hammer Iran further
Oil prices spiked and stocks sank on Thursday after Donald Trump reiterated that US forces would hammer Iran for another two to three weeks but offered no solution to the closure of the Strait of Hormuz that has crippled global markets.
Economy 2 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.
Academia 2 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.
Academia 2 months ago
PREMIUM
Global oil shocks and fiscal pressures: Indonesia’s next crisis?
Indonesia’s fiscal resilience is facing a high-stakes stress test as rising global oil prices collide with rigid domestic spending. While a crisis is not yet inevitable, the narrowing gap between political commitments and economic reality suggests the window for decisive action is closing.
Economy 2 months ago
Navigating oil shock: Fiscal challenges, policy choices for Indonesia
While Indonesia faced a similar situation in 2022, the ongoing Iran war represents a different dynamic that will require critical policies that balance fiscal stability and purchasing power toward maintaining resilience.
Regulations 2 months ago
PREMIUM
Electrification drive needs stronger political will, ‘long-term strategy’
Shifting from fuels to electricity for powering households and transportation is a logical response to Indonesia’s dependence on energy imports amid the Mideast crisis, but experts say the success of electrification hinges on sustained policy support.
