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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...

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...

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)...

Indonesia Saves US$2.5B After Implementing Biodiesel Policy

JAKARTA (TheInsiderStories) - Indonesian senior minister said that the use of 20 percent bio-diesel (B20) scheme has saved US$2.5 billion in foreign exchange since implementing in...

Indonesia’s May Inflation Hits Record of the Year

JAKARTA (TheInsiderStories) — Indonesia’ May inflation recorded at 0.68 percent, the highest point of the year. Fasting month of Ramadan and surging price of...

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...

Indonesia Limits Rubber Export, Increases Domestic Use

JAKARTA (TheInsiderStories) – Indonesian government seeks the best solution amid the downward trend in natural rubber prices. With the two member countries of the International...

Indonesia’s CPO Production Estimating Growth 5% in 2019

JAKARTA (TheInsiderStories) – The Indonesian Palm Oil Association predicted that the production of crude palm oil (CPO) in 2019 will grow 5 percent.  In...