On the same day, the institution also recorded three earthquakes that occurred in Indonesian territories. The biggest earthquake recorded in Central Sumba, East Nusa Tenggara, while the smallest earthquake recorded is in Tasikmalaya, West Java. Then, earthquake occurred in Ransiki District, West Papua Province early this morning with magnitude of 4.9 with a depth of 10 km.
The agency also issued high-wave warnings for a number of waters and seas in Indonesia. The warning level is from alert to dangerous. This early warning is valid from Jan. 10 at 07:00 a.m. local time until Jan. 13 at 07:00 a.m local time. At least there are six points with dangerous levels or wave height of 2.5 to 4 meters.
Meanwhile, the Energy Information Administration (EIA) reported a crude oil inventory draw of 1.7 million barrels for the first week of 2019, from last week at 6.9 million barrels. In gasoline, however, the EIA reported a hefty addition of 8.1 million barrels. Distillate fuel inventories went up by as much as 10.6 million barrels in the week to Jan. 4.
The EIA also reported refineries in the United States (US) had processed an average of 17.6 million barrels daily of crude during last week, which is 9.4 million barrels per day (bpd) of gasoline and 5.6 bpd of distillate fuels.
Followed the announcement, West Texas Intermediate recovered to above US$51.37 a barrel and Brent crude traded at $60.35 a barrel this week on the news that United States (US) – China trade talks were going well. US’ officials as saying the negotiations currently concerned increased Chinese imports of the country’ farm produce and energy commodities.
However, if the sides fail to reach an agreement by March 2, the US will effect a 15-percent increase in tariffs from currently of 10 percent on Chinese goods worth $2 billion.