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US Rises Crude Oil Stockpiles, Price Slid Below US$53 a Barrel

JAKARTA (TheInsiderStories) - The American Petroleum Institute reportedly an increase in crude oil stockpiles of 10.5 million barrels. This will be the biggest jump since February...

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...

Morning Briefing: US – China Seated One Table

JAKARTA (TheInsiderStories) - Good Morning! United States (US) treasury secretary Steven Mnuchin and trade representative Robert Lighthizer seated one table again with Chinese vice premier...

Global Oil Price Touches the Highest Level Since July

JAKARTA (TheInsiderStories) - The global oil price touched its highest level since end of July after rose on the fifth trading days. This morning, West Texas...

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)...

Iran Rejects US Accusations on Nuclear Agreement

JAKARTA (TheInsiderStories) - Iran on Tuesday (07/02) rejected the United States (US) accusations that Tehran has long violated the provisions of its nuclear agreement...

Morning Briefing: Indonesia Considers to Allows Foreign Ownership in Insurance Firm...

JAKARTA (TheInsiderStories) – Indonesian government proposed "grand fathering" or an exception to Government Regulation Number 14 Year 2018 for foreign investors to have insurance...

OPEC+ Meeting Its Expecting Give “Fresh Air” to Commodity Market

JAKARTA (TheInsiderStories) - The meeting of the Organization of Petroleum Exporting Countries, Russia and other countries (OPEC+) will held today in Vienna, Swiss. The meeting its...

Morning Briefing: Oil Prices Jump After OPEC Extends the Cutting Production...

JAKARTA (TheInsiderStories) – Good morning! Yesterday, oil prices rising more than 1 percent after the Organization of Petroleum Exporting Countries (OPEC) agreed to extend restrictions...

Global Oil Prices Fall Amid Low Demand

JAKARTA (TheInsiderStories) - Global oil prices fell almost 1 percent amid the low demand. This morning, West Texas Intermediate prices for July 2019 shipments on the...

Saudi Arabia Asks Oil Producers Lowering the Production

JAKARTA (TheInsiderStories) - Delicate situation of oil price made Saudi Arabia recommended oil producer countries to gently driving oil inventories down. It sees no need to...

Global Oil Supply Falls in April 2019, says OPEC

JAKARTA (TheInsiderStories) - Global oil supply in April slightly decreased by 0.07 million barrels per day (bpd) to average 98.82 million bpd, compared with the...

EIA Revises 2019’s Global Crude Oil Production to 30.3MBPD

JAKARTA (TheInsiderStories) - United States' Energy Information Administration (EIA) revised down Organization of the Petroleum Exporting Countries (OPEC) crude oil production around 30.3 million...

World Bank: Oil Prices will be Lower in 2019-2020

JAKARTA (TheInsiderStories) – The World Bank (WB) saw that crude oil prices are estimated in average US$66 per barrel in 2019 and then decline to...

Oil Price Hits High Level Amid China Growth, US Stockpiles

JAKARTA (TheInsiderStories) - Oil prices slipped on Wednesday after Brent crude earlier hit 2019 high above US$72 a barrel, supported by steady economic growth...

US’s EIA Raises Crude Oil Output Growth and Price

JAKARTA (TheInsiderStories) - United States' (US) Energy Information Administration (EIA) raised its forecasts for the country and global benchmark crude prices this year, The...

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...

OPEC Cuts Production Amid the Slowing Demands

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) cut the oil production to 30.81 million barrels oil per day (bpd) in January followed...

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...

Weekly Briefing: More Tense on US-China Trade War amid Huawei Top...

JAKARTA (TheInsiderStories) — Good morning! The ongoing tariff trade war between the United States (US) and China may be in a ceasefire now but...

Oil Production Cut Becomes Focus of OPEC+ Meeting

JAKARTA (TheInsiderStories) - Yesterday, the Organisation of Petroleum Exporting Countries (OPEC) has ended talks in Vienna without a deal on oil production cuts. That left...

Morning Briefing: How Brexit Impacts Rupiah and Stock Market

JAKARTA (TheInsiderStories) — Discussions about British exit or Brexit withdrawal from the European Union (EU) will continue to be a hot topic ahead of...

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...

Morning Briefing: Financial Market Blossoms Follows US-China Trade Ceasefire

JAKARTA (TheInsiderStories) — Good morning! United States (US) and China’s decision to halt the trade war for 90 days has had a positive impact...

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...

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: 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...

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...