Oil prices rise due to concerns about low fuel supplies before winter and a decline in the Strategic Petroleum Reserve. Oil prices are rising Oil prices rose on Tuesday amid concerns over scarce fuel supplies ahead of winter, allaying investor concerns about the slump in demand in China, the world’s largest crude oil importer. Brent … Read more
TIME.CO, Jakarta – Minister of Finance Sri Muliani Indrawati explains the cause climbing gas costs subsidies, specially all those offered by PT Pertamina (Persero) in the midst of slipping globe oil rates. The explanation is that, in accordance to the government’s calculations, the burden of subsidies and payment will carry on to grow earlier mentioned … Read more
loading… Crude oil prices slipped. Photos/pexels/pixabay JAKARTA – Oil prices world crude slipped in trading this morning. Data from the Intercontinental Exchange (ICE) on Monday (16/5/2022) up to 09:34 WIB showed that the July 2022 Brent oil price fell 1.52% at USD109.86 per barrel. Then, Brent August 2022 corrected 1.49% at USD108.11 per barrel. West … Read more
Jakarta – World oil prices fell. One of the triggers is concern regarding China’s economic growth which is predicted to slow down. Quoted from Reuters, Monday (2/5/2022), the price of Brent crude oil was recorded at US$ 105.93 per barrel, down 1.1%. Then the price of US West Texas Intermediate (WTI) was recorded at US$ … Read more
Jakarta – World oil prices fell on Monday (11/4/2022) due to the lockdown in China which sparked concerns about the demand for ‘black gold’. Brent crude, the international benchmark, fell below $100. Brent crude fell 4.2%, or US$4.31, to trade at US$98.47 per barrel. West Texas Intermediate crude futures, the US benchmark, also fell, at … Read more
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JAKARTA, KOMPAS.com – Price oil The world’s crude oil continues to weaken due to the increase in Covid-19 cases which is getting worse in China. These conditions raise fears of falling demand crude oil from that country. quote Bloomberg Monday (11/4/2022), at 8.30 WIB oil prices Brent crude futures for the June 2022 contract fell … Read more
Medan, CNN Indonesia — Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said the increase world oil prices triggering the government’s budget for energy subsidies to increase. Every USD 1 increase per barrel in oil prices, has the impact of an additional burden of IDR 5.7 trillion. “If we can’t be disciplined, it will … Read more
Jakarta – Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif said the increase in world oil prices had also increased the government’s budget for domestic energy subsidies.If the world oil price increases by US$ 1, it will increase the burden on the state budget by Rp. 5.7 trillion for subsidies. “So every one dollar … Read more
Jakarta, CNN Indonesia — Oil prices world crude slumped in early trading Sunday (3/4) local time, after United Arab Emirates and group Houthi allied with Iran welcomed the ceasefire. The ceasefire that halted military operations on the Saudi-Yemeni border eased fears of potential supply problems. Launch ReutersMonday (4/4), Brent crude futures fell US $ 1.01 … Read more
Jakarta – PT Pertamina (Persero) raised the price of Pertamax fuel from Rp 9,000-9,400/liter to Rp 12,500-13,000/liter. This was done in line with rising world oil prices. Not a few netizens have questioned why when world oil prices drop but fuel prices don’t go down? Responding to this question, the Head of the Fiscal Policy … Read more