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Indonesia’s CPO Price Plunges to US$633/MT in March, says the Association

JAKARTA (TheInsiderStories) - Indonesian Palm Oil Association (IPOA) reported crude palm oil (CPO) price dropped from the average US$722 a metric ton (MT) of CPO in...

Weekly Briefing: Limited Movement Ahead of Christmas

JAKARTA (TheInsiderStories) - Good Morning! The calendar in the forthcoming Christmas week is unsurprisingly light. Today, President Joko Widodo will launches the implementation of fuel with...

Indonesia Appoints 18 Producers to Run B30 Program

JAKARTA (TheInsiderStories) - Energy and mineral resources (EMR) ministry appoints 18 biofuel producers to carry out a mandatory policy of a biodiesel mixture program of the...

Morning Briefing: Indonesia Forms Agency for New Capital City

JAKARTA (TheInsiderStories) - Indonesian government to form a New Capital Development Authority Agency to implement the state' capital program. The agency have obligation to prepare, build and...

Morning Briefing: FOMC Meets Today, Indonesia Ready to Implement B30

JAKARTA (TheInsiderStories) - Good Morning! Today, United States' Federal Open Market Committee (FOMC) its expecting to cut the Federal Reserves Fund rate (FFR) followed President Donald Trump...

B30 Will Absorbs Additional 3MT of CPO in 2020, says VP

JAKARTA (TheInsiderStories) - Indonesian Vice Presiden Ma'ruf Amin, said the implementing of 30 percent biodiesel use (B30) will absorb 3 Million Tons (MT) of crude palm...

Indonesia to Imposes Export Levy for CPO Starts Jan. 2020

JAKARTA (TheInsiderStories) - Indonesian government will impose export levies for crude palm oil (CPO) products and their derivatives starting Jan. 1, 2020, as the implementation of...

Indonesian Palm Oil Exports Rise in July, Says GAPKI

JAKARTA (TheInsiderStories) - Indonesian Palm Oil Association, locally known as GAPKI noted the country's palm oil exports hit 2.92 million tons in July, 15.87...

Indonesia Targets B30 Use Starting October, B100 in Five Years

JAKARTA (TheInsiderStories) - Indonesian government sees to increase the portion of diesel blended with crude palm oil from the current 20 percent bio-content (B20)...

Widodo Wants Indonesia Become the 2nd Largest EV Producer in ASEAN

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo wants to become the second largest electric vehicle (EV) production center in Southeast Asia (ASEAN) to enter the...

Indonesia’s Pertamina Crude Oil Imports Fall 35% in 1H

JAKARTA (TheInsiderStories) - Indonesia’ state oil and gas firm PT Pertamina said its crude oil imports in the first half (1H) this year fell...

Morning Briefing: Widodo Wants B30 Use Starting January 2020

JAKARTA (TheInsiderStories) - Good Morning! Indonesian president Joko Widodo wants diesel with 30 percent bio-content (B30), to be in use by January 2020 to rise...

Indonesia’s B30 Program Saves US$3B Fuel Imports: Minister

JAKARTA (TheInsiderStories) - Indonesia' Coordinating Minister for Maritime Affairs (CMMA) Luhut Binsar Pandjaitan believed that the implementation of the 30 percent biodiesel mixture (B30)...

Indonesia Claims to Save Fuel Imports US$4.90B with B30

JAKARTA (TheInsiderStories) - Indonesian government claimed that it can save the cost of importing diesel fuel around Rp70 trillion (US$4.90 billion) by using 30...

Indonesia Lowering Biofuel Benchmark Prices in June

JAKARTA (TheInsiderStories) - Indonesian government lowered basic index price for biodiesel to Rp6,977 (US$0.48) per liter but raised bioethanol price to Rp10,201 a liter, energy and...

Morning Briefing: Trump Intimidating China Again

JAKARTA (TheInsiderStories) - Again, United States (US) President Donald Trump intimidated to impose tariffs of 25 percent on US$300 billion in Chinese goods if President Xi Jinping...