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Morning Briefing: US Revokes Currency Manipulator Label from China

JAKARTA (TheInsiderStories) - Good Morning! United States (US) treasury department revoked currency manipulator label from China on Monday (01/12). The decision reversing its August finding which...

Indonesian Crude Price Rises to US$63.26 in November

JAKARTA (TheInsiderStories) - The average price of Indonesian Crude Price (ICP) has increased to US$63.26 a barrel from $59.82 per barrel in the previous...

OPEC, Russia Agrees to Cut Oil Production 500,000 Barrels

JAKARTA (TheInsiderStories)- Organization of the Petroleum Exporters Countries (OPEC) and Russia agreed to make a further cut of oil production around 500,000 barrels per...

Morning Briefing: BI Announces Forex Reserves Position

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia (BI) will reported the foreign exchange reserves position in November today. In the previous month, the reserves stood...

Morning Briefing: Asian Markets Shaken Amid Uncertain Trade Agreement

JAKARTA (TheInsiderStories) - Asian shares and money markets shakened ahead United States (US) - China trade talks, ahead President Donald Trump' speech, and the domestic political situation...

Global GDP Shrinks, ICP Declines to US$59.82 in October

JAKARTA (TheInsiderStories) -  Indonesian government set the Indonesian Crude Price (ICP) in October 2019 at US$59.82 a barrel followed the downtrend of global economic growth...

OPEC Revises Down Oil Demand to 980,000 Barrels per Day in...

JAKARTA (TheInsiderStories) - The Organization Petroleum Exporting Countries (OPEC) forecast world oil demand to grow by 980,000 barrels a day (bpd) in 2019, or down from...

Indonesia’s Pertamina Gets 650 MBOPD Crude from ExxonMobil

JAKARTA (TheInsiderStories) - Indonesian state oil company, PT Pertamina has agreed to purchase 650 million barrels oil per day (MBOPD) of ExxonMobile crude from the...

Indonesia Crude Price Lowering to US$57.26 a Barrel in August

JAKARTA (TheInsiderStories) - Energy and mineral resources (EMR) ministry stated that the trade war between the United States and China affected the average Indonesian Crude Price...

Oil Prices Rise With Hopes US’s Fed Cut Interest Rates

JAKARTA (TheInsiderStories) - Oil prices rise more than 2 percent to its value as it broke $58 level on Tuesday (07/30). West Texas Intermediate (WTI)...

Morning Briefing: Indonesian Central Bank Sees a Room to Lowering BI...

JAKARTA (TheInsiderStories) – Good morning! Bank Indonesia sees the room is still open to lowering its benchmark rate again in this year, after cut seven...

Morning Briefing: BI is Expecting to Cut Interest Rate

JAKARTA (TheInsiderStories) – Good morning! Indonesian central bank (BI) meeting today to take position on its monetary stance. On June 20, the Bank maintained a...

Indonesia’s Pertamina Absorbs Domestic Crude Oil 116.9 MBPOD

JAKARTA (TheInsiderStories)– Indonesian state oil company, PT Pertamina has agreed to purchase 116.9 million barrels oil per day (MBOPD) from 37 production sharing contract...

Oil Prices Rises When America Intervene the Middle East Security

JAKARTA (TheInsiderStories) -The second alleged attack on tankers near the Strait of Hormuz in roughly a month has heightened concerns about oil security in...

Indonesia’s Pertamina Reduces Crude Oil Imports US$1.4B

JAKARTA (TheInsiderStories) – Indonesian state-owned energy producer, PT Pertamina was reduced the crude oil and condensate imports by around 50 percent in the first-four months of...

Morning Briefing: State Budget Deficit Swells to US$7.24B in the 1Q

JAKARTA (TheInsiderStories) — Good morning! Indonesia has no choice to suffered Rp102 trillion (US$7.24 billion) deficit in the first quarter (1Q) of 2019. The deficit’...

Morning Briefing: Mount Agung Erupts, Potential for Other Earthquakes in Indonesia

JAKARTA (TheInsiderStories) — Good morning! Mount Agung in Bali erupted again at 7:55 p.m. local time, but the ash column height was not observed,said Geology,...

GlobalData: 49 Crude Oil, Natural Gas in SEA to Start Operations...

JAKARTA (TheInsiderStories) - Global Data reported, in Southeast Asia, a total of 49 key crude oil and natural gas projects are expected to start operations...

Morning Briefing: EODB Rating Declines Cause Indonesian Govt Is Not Focused

JAKARTA (TheInsiderStories) -- Good morning! Indonesia's rank downturn in World Bank's Ease of Doing Business (EoDB) is considered as "lost focus" by Investment Coordinating Board...

Morning Briefing: Dozen of Bodies Have Been Founded

JAKARTA (TheInsiderStories) - The National SAR Agency (BASARNAS) has collected 53 bodies  of Lion Air JT-610 crashed and will be sent to the Police Hospital, based...

Morning Briefing: Oil Price Surges to Four-year High on Tight Supply...

JAKARTA (TheInsiderStories) - Good morning. The price of crude oil soared to US$80 per barrel on fear over supplies after Organization of the Petroleum Exporting Countries and Russia...

B20 Not Yet Fully Implemented in Indonesia

JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly...

Indonesia to Issues Mandatory Sell of Crude Oil Rules Next Week

JAKARTA (TheInsiderStories) - Indonesian government expects to issues mandatory sell crude oil for all producers to state-owned energy firm PT Pertamina next week in order to...