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Laura, Marco Storms Affects Indonesian Crude Price in August

JAKARTA (TheInsiderStories) - Concerns on the Marco and Laura' tropical storms passing through the heart of the oil industry in the United States (US) also affected...

OPEC Sees World Oil Demand Will Fall Even More in 2020

JAKARTA (TheInsiderStories) - Organization Petroleum Exporter Countries (OPEC) trimmed oil-demand growth by 100,000 barrels per day in monthly report released on August 13. It said,...

OPEC+ Berpotensi Perpanjang Pemangkasan Produksi Minyak

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) dan sekutu-sekutunya yang dipimpin Rusia, populer dengan sebutan OPEC+, tampaknya akan memperpanjang pengurangan...

OPEC+ Looks to Extend Oil Production Cuts

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies, popular with the so-called OPEC+, looks to extend the...

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...

Oil Prices Rebound After Saudi Arabia Cut the Production

JAKARTA (TheInsiderStories) - After depressed by fears of over oversupply and the devastating effects of the COVID-19 pandemic, the oil prices rebounded on Monday (05/11)....

Indonesia Hold Fuel Price, Sees the Oil Prices Rebound at the...

JAKARTA (TheInsiderStories) - The ministry of energy and mineral resources (MEMR) decided to kept Indonesia' fuel prices even the global oil prices has dropped below US$20...

Morning Briefing: Abnormal Oil Prices, Need Caution to Handle it

JAKARTA (TheInsiderStories) -  Good Morning! Abnormalities are happening in the world oil market. After the West Texas Index, now the Brent crude oil price has also...

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....

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...

Morning Briefing: OPEC Meets Today, Powell Speaks on US Economy

JAKARTA (TheInsiderStories) - Good Morning! Organization of the Petroleum Countries and its allies will hold virtual meeting today with hope production cuts to stabilize the...

Oil Market Plunges, Need Joint Action to Rise the Price

JAKARTA (TheInsiderStories) - The global oil prices fell almost 8 percent on Thursday (03/26) amid the price war between Saudi Arabia and Russia. Yesterday, price of West...

Indonesia’s February ICP Lowering to US$56.61 a Barrel

JAKARTA (TheInsiderStories) - The average of Indonesia Crude Price (ICP) in February 2020 stood at US$56.61 per barrel, said the energy and mineral resources ministry last...

OPEC Proposes 1.5M barrels Cut, Oil Prices still Weaken

JAKARTA (TheInsiderStories) - The heads of Organization of the Petroleum Exporting Countries (OPEC) recommended an extending the duration of the proposed 1.5 million barrels per...

Morning Briefing: China Rolls Out Fiscal Stimulus

JAKARTA (TheInsiderStories) - Chinese President Xi Jinping chaired a leaders meeting to study the major tasks in preventing and controlling the coronavirus disease and stabilizing...

OPEC+ Meets to Evaluate the Oil Prices on Thursday

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and its allies is to meet in Vienna, Austria on March 5 - 6, to decide...

Weekly Briefing: Investors Eager to See Economic Trends Amid the Coronavirus

JAKARTA (TheInsiderStories) - Good Morning! A busy economic calendar this week, starts with Statistic Indonesia February' inflation report and foreign exchange reserves on Friday. Last January,...

Global Oil Prices Falls 23 Percent During 2020

JAKARTA (TheInsiderStories) - Global oil prices have fallen in line with growing concern over the transmission of the coronavirus and its impact on the economy....

Morning Briefing: The Latest Forex Reserves Announces by BI Today

JAKARTA (TheInsiderStories) - Good Morning! The latest foreign exchange (forex) reserves position will announces by Bank Indonesia (BI) today. Last December the reserves stood at US$192.2...

Oil Prices Climbs After OPEC, Allies Considers Further Cut Output

JAKARTA (TheInsiderSTories) - After dropped below US$50 a barrel on Tuesday, oil price boosted by the Organization of the Petroleum Exporting Countries (OPEC) and its allies...

OPEC Considers to Moves March’s Meeting to February

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) members are considering holding an emergency meeting in February after oil prices slumped on concern the...

Indonesian Crude Price Rises to US$67.18 in December

JAKARTA (TheInsiderStories) - Indonesian crude prices (ICP) reached US$67.18 per barrel in December, increase $3.92 from $63.26 per barrel in the previous month, the...

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...

Oil Prices Rise on Hopes for Extra Cuts by OPEC

JAKARTA (TheInsiderStories) - Oil prices have edged up on expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies that include...

Morning Briefing: Trump Willing to Finalize Phase I Trade Deal After...

JAKARTA (TheInsiderStories) - Good Morning! During NATO meeting in London, United States (US) President Donald Trump stated he was willing to finalize the "phase I"...

Morning Briefing: BI Announces BI-7DRR, The Fed Lowered FFR

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will announces the position of BI-7 Days Reverse Repo in this month and the third quarter assessment. Last month, the...

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...