#oil price

Collection of oil price news, found 567 news.

CPO export drops but price on the rise

Indonesias export of crude palm oil (CPO) and its derivatives fell by nearly 2 percent to 25.7 million tons in 2016 ...

Indonesia`s palm oil exports down 2 percent in 2016

Indonesias export of crude palm oil (CPO) and its derivatives fell by nearly 2 percent to 25.7 million tons in 2016 ...

No hike in subsidized fuel prices: Indonesian govt

The Indonesian government will not hike the prices of subsidized fuels, including those of premium gasoline, diesel ...

Pertamina needs Rp1,000 trillion investment to catch up with Petronas

PT Pertamina said it needs an investment of at least Rp1,000 trillion and 10 years to catch up with Malaysian rival ...

2016 Indonesia oil production exceeds target

Indonesias oil and gas production this year exceeded the target set in the 2016 revised state budget (APBNP 2016) at ...

Control food prices to manage inflation in 2017: Minister

The government should control domestic food prices to keep inflation in 2017 below the projected four percent, ...

Kadin supports Indonesia out of OPEC

Hardini Puspasari, the chairperson of the Standing Committee of Cooperation Assistance/Development of Renewable Energy ...

Suspension of OPEC membership has little effect on budget: Coordinating minister

Coordinating Minister for Economy Darmin Nasution said the effect of the country quitting OPEC is insignificant on the ...

Single price for fuel across Indonesia in January 2017: Deputy Minister Tahar

The newly-launched single fuel oil price policy, aimed at harmonizing fuel prices in and outside Java, will begin to ...

Rupiah strengthens to 13,045 as of Monday afternoon

The interbank exchange rate of rupiah in Jakarta moved higher by 23 points, reaching 13,045 rupiah per one US dollar ...

PGN reports US$241.99 million in net profit in nine months

PT Perusahaan Gas Negara (PGN) reported US$241.99 million (Rp3.23 trillion) in net profit in the first nine months of ...

Kerui Petroleum’s first completion for WEFIC® offshore-platform wellhead

- Kerui Petroleum announced that its high-end wellhead brand WEFIC® had successfully completed the first offshore ...

Tiaka oil block temporarily stops production on low price

JOB Pertamina Medco E&B Tomori Sulawesi has decided to temporarily stop producing oil from the Tiaka block in the ...

Rupiah gains over US dollar on Thursday

The rupiah value rose in the closing inter-bank transaction on Thursday trading at the level of 13,221 per US$ dollar ...

5.3 percent target for economic growth realistic: House

A member of the House of Representatives (DPR) described as realistic the economic growth target of 5.3 percent set ...