Jakarta, CNBC Indonesia – World crude oil prices closed higher on Friday (10/11/2023) after Iraq supported OPEC+ oil cuts. The price of WTI crude oil closed up 1.89% at US$77.17 per barrel, as did Brent crude oil which closed up 1.77% to US$81.43 per barrel. However, within a week oil prices were still corrected, the … Read more
Bisnis.comJAKARTA — Market oil The world is facing tight supplies towards the end of the year which usually sees a surge in demand. The world’s oil refineries have proven powerless to produce fuel in sufficient quantities, thus opening up opportunities for new inflation and depriving the economy of the fuel that can power industry and … Read more
Jakarta – Russian President Vladimir Putin banned it oil export to the G7 countries as well as Australia and the European Union. The decision was revenge in the aftermath of policies enacted by G7 countries, including the United States, the European Union, Japan and Australia. The root of the problem is the import price limit … Read more
Jakarta – This was currently stated by the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif oil price raw world is getting better. This means that world crude oil prices are on a downward trend. Therefore, Arifin communicated that there is a potential drop in Pertalite fuel prices due to the slope of world … Read more
Globe oil charges are inextricably connected to politics. Now nonetheless as unstable as the political circumstance of the entire world. Chased by the war in Ukraine Turbulence in Libya and Iraq Another aspect that will influence the direction of the planet oil selling price is what is going on in Iran #PPTVStories Observe far more … Read more
Jakarta – World oil prices fell as much as 10%. The decline pushed world oil prices below US$ 100 or equivalent to Rp. 1.49 million (exchange rate of Rp. 14,900/US$) per barrel. Quoting from CNBC, Wednesday (6/7/2022) West Texas Intermediate (WTI) crude oil fell 8.24%, or US$ 8.93, to US$ 99.50 per barrel. Then it … Read more
Jakarta, CNBC Indonesia – The International Monetary Fund (IMF), predicts the world economy will grow 3.6% for 2022. World oil prices also fell when the world economic outlook was more bleak. Throughout this week, world oil prices fell 5%. Brent crude oil fell 4.52% compared to the previous week, closing at US$ 106.65/barrel. Meanwhile, light … 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
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Liputan6.com, Jakarta Energy Observer and Executive Director of Energy Watch Mamit Setiawan, said that the fire Saudi Aramco oil refinery further adding to market concerns about global oil supplies amid the ongoing Russia-Ukraine conflict. “We can see the market is panicking so much that” world oil prices For Brent, it broke at USD 120 per … Read more
Jakarta, CNN Indonesia — World oil prices fell 2 percent at the end of trading Thursday (24/3) afternoon or Friday (25/3) morning WIB. Quoting Antara, the price of Brent crude oil futures for May delivery slumped US$2.57, or 2.1 percent, to US$119.03 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures for April delivery … Read more