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The Jakarta Post
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oil-price

Medco cuts capex and production over oil price crash
Business 4 months ago

Medco cuts capex and production over oil price crash

Publicly listed oil and gas company PT Medco Energi Internasional has slashed its capital expenditur...
COVID-19: Labor union calls on govt to reduce electricity, fuel prices
Business 4 months ago

COVID-19: Labor union calls on govt to reduce electricity, fuel prices

Indonesian Metal Workers Federation (FSPMI) secretary-general Riden Hatam Azis said the government s...
Crude reality: price crash means oil firms must slash spending
Business 4 months ago

Crude reality: price crash means oil firms must slash spending

Investment in oil exploration and production was set to hit just over half a trillion dollars this y...
Oil rockets nearly 20% as investors hail coronavirus stimulus spending - for now
Business 4 months ago

Oil rockets nearly 20% as investors hail coronavirus stimulus spending - for now

Brent crude was up US$2.10, or 8 percent, at $26.98 a barrel by 0028 GMT after tumbling 13 percent o...
Oil slumps below $30 a barrel as coronavirus spreads, OPEC rancor remains elevated
Business 4 months ago

Oil slumps below $30 a barrel as coronavirus spreads, OPEC rancor remains elevated

Brent crude settled down $3.80, or 11.2 percent, at $30.05 a barrel. The international benchmark fel...
Oil extends slide, nears $30 a barrel as virus weighs on global economy
Business 4 months ago

Oil extends slide, nears $30 a barrel as virus weighs on global economy

Brent crude fell $1.83 to $32.02 a barrel by 2331 GMT, extending a plunge of over 20 percent la...
Oil prices fall around 6% after Trump virus address
Business 4 months ago

Oil prices fall around 6% after Trump virus address

Crude markets have been in turmoil since the start of the week, when they suffered their biggest one...
Bourse announces new trading suspension policy on brink of bear market
Business 4 months ago

Bourse announces new trading suspension policy on brink of bear market

The bourse will halt stock trading for 30 minutes if the main gauge, the Jakarta Composite Index (JC...
Indonesian bourse caps stock drops at 10% as equities start to rebound after bruising day
Business 4 months ago

Indonesian bourse caps stock drops at 10% as equities start to rebound after bruising day

The new auto-rejection regulation came into force Tuesday.
Oil claws back some losses after crashing on supply-demand shock
Business 4 months ago

Oil claws back some losses after crashing on supply-demand shock

Futures in New York rose about 6 percent after losing a quarter of their value Monday in the biggest...
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