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oil-production

OPEC+ seen prolonging oil cuts into 2025, two sources say
Economy 1 year ago

OPEC+ seen prolonging oil cuts into 2025, two sources say

OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, t...
Rig dearth aggravates RI’s declining oil, gas production
Economy 1 year ago

PREMIUM
Rig dearth aggravates RI’s declining oil, gas production

Pertamina EP, the exploration and production arm of state-owned oil and gas giant Pertamina, blamed ...
Mideast escalation could hurt Indonesia's economy
Economy 2 years ago

PREMIUM
Mideast escalation could hurt Indonesia's economy

Brent crude has risen since violence broke out in Israel and Gaza but could surge far past $100 in c...
Saudi extends oil cut of 1 million barrels per day
Economy 2 years ago

Saudi extends oil cut of 1 million barrels per day

The cut which first took effect for July will continue in August and "can be extended", th...
OPEC+ weighs fresh output cuts to boost oil price
Markets 2 years ago

OPEC+ weighs fresh output cuts to boost oil price

Major oil producers led by Saudi Arabia and Russia met Sunday to discuss slashing output further in ...
Oil prices soar after output cut
Markets 2 years ago

Oil prices soar after output cut

Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saud...
Energy ministry inks cost-recovery PSCs for two blocks
Companies 2 years ago

PREMIUM
Energy ministry inks cost-recovery PSCs for two blocks

The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has signed production-sharing contracts (...
Asian shares rise, oil extends gains after OPEC+ deal
Markets 3 years ago

Asian shares rise, oil extends gains after OPEC+ deal

Asian shares were cautiously higher on Thursday, while the dollar eased ahead of US non-farm payroll...
OPEC+ to meet amid economic downturn fears
Markets 3 years ago

OPEC+ to meet amid economic downturn fears

Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil produ...
Indonesia may miss oil-lifting target in 2022: SKK Migas
Markets 3 years ago

Indonesia may miss oil-lifting target in 2022: SKK Migas

Indonesia may miss this year’s oil-output target due to project delays, an official at the Ups...
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