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OPEC+ Holds Output and Kept the Oil Demands Forecast

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+), stick to their plans to slightly increase the oil production by 350,000 barrels per...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! National army reported military submarine goes missing during torpedo drill in Bali sea with 53 people on board. The country has...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! Today, the statistic bureau has an agenda to releases the export import data Indonesia in March. Some economists rated the trade...

OPEC Revises Global Oil Demand to 5.95 Million BPD in 2021

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+) raised its forecast for world oil demand to 5.95 million barrels per day (bpd)...

OPEC+ to Raises Oil Production 350,000 Barrels Until June

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed to raise oil production gradually starting in May. The members to raise output...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! Successful rollouts of COVID-19 vaccines in many countries are raising hopes of further recovery in economic activities around the globe. The...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! Crude oil prices hit US$60 a barrel for the first time in 2021 supported by President of United States (US) Joe...

Saudi Cuts Production, Oil Prices Hit the Highest Level Since February

JAKARTA (TheInsiderStories) - One of the largest oil producers, Saudi Arabia give a surprised on the production cut by 1 million barrels a day (bpd) starting...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! United States (US) President-elect, Joe Biden, in the process to form his cabinet members and is reported to select former Federal...

Morning Briefing: Various Things to Know On Wednesday

JAKARTA (TheInsiderStories) - Good Morning! Association Southeast Asian Nation (ASEAN) together with China, Japan, South Korea, Australia and New Zealand will sign the Regional Comprehensive Economic...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! United States' (US) Secretary of state, Mike Pompeo, has landed in Indonesia and have an agenda to meet President Joko...

OPEC Scaling Back Production Cut to 5.7M Barrels in January

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries and its allies (OPEC+), plans to scaling back their production cuts in January 2021, from...

Morning Briefing: Various Things to Know on Wednesday

JAKARTA (TheInsiderStories) - Good Morning! Indonesian parliament has agenda to submit a draft of Omnibus law for Job Creation to President Joko Widodo today. Even though...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! The biggest national strikes by Indonesian workers run again today with point of demo in front of state palace and parliament...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! President of United States (US) Donald Trump and former Vice President Joe Biden met in Cleveland on Tuesday for the first...

IMF: COVID-19 Costs US$12T, Global Economy Will Contract

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) rated the impact of the COVID-19 pandemic created an economic cost of US$12 trillion, said Gita Gopinath, chief...

Morning Briefing: COVID-19 Cases Soaring

JAKARTA (TheInsiderStories) - Good Morning! The World Health Organization reported, COVID-19 cases are soaring in several major countries, with "worrying increases" in Latin America, especially Brazil....

OPEC: Market Rebalancing, Full Commitment to Conformity Remains the Focus

JAKARTA (TheInsiderStories) - Joint Ministerial Monitoring Committee (JMMC) of oil producers and its allies (OPEC+) reported 87 percent of their productions have been cut during May....

OPEC+ Agrees to Extend the Production Cut Until July

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to extend the cut in crude oil output until the end...

Weekly Briefing: Indonesia’s Forex Reserves Data Out Today

JAKARTA (TheInsiderStories) - Good Morning! A key event of the week ahead will be the latest Federal Open Market Committee (FOMC) meeting with updated United States...

Morning Briefing: Indonesia’s Economy Could Shrinks to 0% This year

JAKARTA (TheInsiderStories) - Good Morning! World Bank senior economist for Indonesia, Ralph van Doorn sees the national economy may shrink zero percent of gross domestic products...

Morning Briefing: Two Major Laws will be Legislated Today

JAKARTA (TheInsiderStories) - Good Morning! Two important law Number 1/2020 concerning State Financial Policy and Financial System Stability for Handling Corona Virus Disease and mining law...

Morning Briefing: Indonesia Temporally Bans Air, Sea, and Land Transports

JAKARTA (TheInsiderStories) - Good Morning! Indonesian government temporary banned all air, sea, and land transportation to reduce the spread of COVID-19 across the nation. Based...

COVID-19 Hit Pertamina, Net Profit Could Drops 51%

JAKARTA (TheInsiderStories) - CEO of energy producer, PT Pertamina, Nicke Widyawati told member of parliament that her company experienced triple shock during the COVID-19 outbreak. At...

Morning Briefing: WTI Price Turns to Negative for First Time

JAKARTA (TheInsiderStories) - Good Morning! United States (US) West Texas Index (WTI) crude prices slipped into negative territory for the first time ever over storage capacity...

Oil Prices Hit the Bottom Level Since 1999 on the Low...

JAKARTA (TheInsiderStories) - Oil prices hit the bottom level for the first time in 1999, as the COVID-19 hits the demand, the market data showed....

Morning Briefing: Trump Unveils Guidelines for Re-opening US’s Economy

JAKARTA (TheInsiderStories) - Good Morning! President Donald Trump announced the three-stage approach called "downward trajectory" to revive the United States (US) economy as the country continues...

Morning Briefing: Oil Prices Plunges to Lowest Level in Two Decades

JAKARTA (TheInsiderStories) - Good Morning! Crude oil prices plunged to their lowest level in almost two decades amid the weak of United States (US) demand and...

OPEC+ Agrees to Cut Output 9.7MBPD to Support Oil Prices

JAKARTA (TheInsiderStories) - Organization Petroleum Exporting Countries and its allies (OPEC+) agreed to cut oil output by 9.7 million barrels oil per day, representing around 10...

Weekly Briefing: OPEC+ Cuts Production, More Economic Data Out

JAKARTA (TheInsiderStories) - Good Morning! Oil cartel and allies led by Russia agreed to cut the output around 10 percent of global supply to support oil...
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