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oil

Markets 1 year ago

PREMIUM
MidEast escalation could send oil prices to $100 per barrel, govt says

The government has speculated that world crude oil prices could reach US$100 per barrel as the Middle East conflict escalates.

Editorial 1 year ago

Anticipating an Israeli response

There are fears that the economy could reel from the potential impact of soaring oil prices or the costs of further global supply chain disruptions.

Companies 1 year ago

PREMIUM
Pertamina’s plan to ship in Venezuelan oil faces hiccup

A plan by Pertamina to ship in crude oil from Venezuela has run up against technical issues, as the product may not be suitable for Indonesian refineries.

Archipelago 2 years ago

Oil warehouse explodes, police find 50 fuel tanks

Authorities found the remnants of 50 fuel tanks following an explosive at a used oil warehouse in Bandar Lampung, Lampung province, which led to an investigation into alleged fuel hoarding.

Front Row 2 years ago

Apical-Cepsa joint venture starts construction of 2G biofuel plant

Apical, through its renewable energy subsidiary Bio-Oils, has commenced construction of southern Europe’s largest second-generation (2G) biofuel plant with its joint venture partner, Cepsa.

Companies 2 years ago

Shell annual profit more than halves to $19.4 billion

Post-tax profit slumped 54 percent after reaching an all-time high of $42.3 billion in 2022, when energy producer Russia's invasion of Ukraine sent oil and gas prices soaring, boosting earnings across the industry.

Academia 2 years ago

COP28 Health Day – Finding courage to lead

As the world gets hotter, we need to make sure that our medical facilities are prepared to handle climate-related health challenges, such as heatwaves and disease outbreaks. Investment in infrastructure, medical equipment.

Companies 2 years ago

PREMIUM
HUMI acquires $6m oil tanker to meet methanol needs

HUMI expands its fleet with $6 million oil and chemical tanker, saying it will help fulfill growing methanol demand.

Economy 2 years ago

PREMIUM
Aged oil wells behind Indonesia's declining production: Minister

According to data from the Finance Ministry, as of September, oil production stood at about 608,600 barrels per day (bpd). However, by the end of October, the energy ministry reported a decrease in production to 582,690 bpd.

Academia 2 years ago

PREMIUM
Managing power conflict spillover in Straits of Malacca and Singapore

Engaging the major powers individually or under the auspices of the ADMM-Plus works well during peacetime, but may not provide sufficient leverage during conflict.

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