Home Tags Oil Price

Tag: Oil Price

Oil Price Surges as US Ends Waivers for Iranian Oil

JAKARTA (TheInsiderStories) – Global oil prices surged to nearly six month higher at US$74 a barrel after President Donald Trump decided not to reissue...

Global Oil Prices Rises on OPEC Supply Cuts

JAKARTA (TheInsiderStories) - Oil prices dipped on Wednesday (04/03) after rallying for three straight days. The rising United States (US) crude stockpiles offset support...

Oil and Gas Companies Still Faces Volatility Price in Coming Years

JAKARTA (TheInsiderStories) – In 2019, the ongoing volatility of oil prices tends to make the valuation of oil and gas companies more challenging, especially...

Morning Briefing: Italian Falls Back Into Recession

JAKARTA (TheInsiderStories) -Good Morning! Italy has fallen back into recession after economy shrinks by 0.2 percent. The country damaged intensifying concerns about the 19-country eurozone economy. The third...

World Oil Prices Rises Followed US’s Sanctions to Venezuela

JAKARTA (TheInsiderStories) – World oil prices rose more than two percent after United States (US) imposed sanctions on Venezuelan state oil producer Petróleos de Venezuela,...

OPEC Cuts Oil Productions 1.2 Million Barrels per Day

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC has agreed to cut oil production amid United States (US) President Donald Trump to...

OPEC Decision is Crucial for the Oil and Gas Market

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC member will gathered in Vienna, Switzerland starting tomorrow (12/06). The decision from this meeting is...

Morning Briefing: Global Eyes at the OPEC Meeting

JAKARTA (TheInsiderStories) — The OPEC and Non OPEC (OPEC+) meeting is set to kickoff starting Dec. 6 in Vienna, Switzerland. The decision by the organization...

Oil Prices Fell Unstoppable, Touches its Three Years Lowest Level

JAKARTA (TheInsiderStories) - Oil prices fell unstoppable on Tuesday (11/13) pressured by fears of weakening global demand and abundant supply. United States (US) oil prices in...

Morning Briefing: ASEAN Leaders Convene in Singapore

JAKARTA (TheInsiderStories) –— Good morning! The 33rd ASEAN Summit has officially started on Tuesday (13/11) in Singapore. ​During the Summit, the ASEAN Leaders are expected to...

OPEC Considers Slashed the Production in 2019

JAKARTA (TheInsiderStories) - The OPEC and Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Abu Dhabi, United Arab Emirates, for its eleventh meeting on Nov. 11,...

Morning Briefing: Ruling Coalition Under Probe for Campaign Early Start

JAKARTA (TheInsiderStories) - Good morning. The ruling coalition is under hot water for putting a newspaper advertisement, which is not yet allowed as per campaign regulation....

China’s CPI Reaches Seven-month High in September

JAKARTA (TheInsiderStories) - China's consumer price index (CPI) climbed to 2.5 percent year on year (YoY) in September, up 0.2 percentage point in August, according to...

Morning Briefing: Trade Tension Possible Trigger Another Global Crisis

JAKARTA (TheInsiderStories) - Good morning. International Monetary Fund (IMF) warned a possible crisis in the global countries followed the trade tension, rising geopolitical risks and policy...

Morning Briefing: Rupiah Slumps as Dollar Gains Strength from US Trade...

JAKARTA (TheInsiderStories) - Good morning. The Rupiah suffered from a beating on Tuesday as the announcement that the United States (US), Mexico and Canada had agreed...

OPEC Sees Global Oil Demands Declining Until 2023

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) predicts the demand for world oil until 2023 will decline even though energy demand is...

Weekly Briefing: Election Campaign Kicks Off with a Touch of Drama

JAKARTA (TheInsiderStories) - Good morning. The campaign period for the 2019 General and Presidential Election officially started on Sunday (23/09), with the Demokrat Party from the...

Morning Briefing: Vice President Candidate Ma’ruf Amin hurts Widodo’s Electability

JAKARTA (TheInsiderStories) - Good morning. President Joko Widodo’s pick as running mate in re-election bid in 2019, Ma’ruf Amin, could be a handicap with a recent...

ICP Up to $70.68 per Barrel in July Amid High Demand

JAKARTA (TheInsiderStories)--The Ministry of Energy and Mineral Resources (MEMR) recorded the Indonesian Crude Price (ICP) in July 2018 increased to US$70.68 per barrel, or...

Morning Briefing: Trade War Tension Back Into Fray

JAKARTA (TheInsiderStories) - Good Morning. United States (U.S) President Donald Trump appeared to be frustrated that China has not caved in on its tough tariff policy....

SOEs Review: Pertamina Experiencing Financial Problems?

JAKARTA (TheInsiderStories)--Today circulated letter from the State-owned (SOEs) ministry that allowed the largest energy producer PT Pertamina to sell part of its assets to...

State Budget Review : The Energy Policy Needs to Revise

JAKARTA (TheInsiderStories) - The rising of global oil price has hit Indonesia's budget and could disrupt the economy if the government not taking the right...

Economic Briefing: Global Pressures Continues to Darken the Market

JAKARTA (TheInsiderStories) - Good afternoon. Investors worried on global pressures continues reflected in today's financial market movements. The announcement of Bank Indonesia to relaxed loan...

Energy Policy: How Far Oil Prices Will Go?

JAKARTA (TheInsiderStories)--The 4th of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial in Vienna, Austria clear out with conclusion raised the output targets. Benchmark...

Energy Policy : OPEC Meeting May End Without Agreement

JAKARTA (TheInsiderStories) - The meeting of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Switzerland may closed without an agreement amidst the divide opinion...

Market Update: Asian Markets Continues Weakening

JAKARTA (TheInsiderStories) - Asian stock markets extended losses today dragged of a trade war rebounded and weakening of oil prices. In the local market Indonesian government...

Commodity Market: Oil Prices Rally as U.S Stocks Fall

JAKARTA (TheInsiderStories) - Crude oil price rally continued, after oil stocks in the United States fell significantly after dropped last week over concerns of rising global...

U.S Move on Iran Sanctions Trigger Oil Price

JAKARTA (TheInsiderStories) - International oil prices surge into the highest level since 2014 on Tuesday (24/04), driven by the expectations of U.S sanctions against Iran...

Policy Review: Global Oil Price Could Hurt Indonesian Economy

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) has forecast that the global oil prices will continue to remain stable in 2018....

Indonesia Holds Energy Price But for How Long?

JAKARTA (TheInsiderStories) - The global oil price has been picking up to above the government’s assumption set in the state budget, prompting speculation that...