#the oil price

Collection of the oil price news, found 568 news.

Riau: Palm oil price slides by Rp120.23/kg

The price of fresh fruit bunches obtained from oil palm trees aged 10 - 20 years in Riau province fell by Rp120.20/kg ...

Indonesian govt raises budget deficit to 6.34 percent of GDP

The Indonesian Government widened the state budget deficit to 6.34 percent of the gross domestic product (GDP), or ...

Oil, gas industry to evade imports despite plummeting crude prices

Indonesia's oil and gas upstream industry will continue production and steer clear from imports despite the ...

COVID-19: Plastic recycling industry laid off 63 thousand workers

The plastic recycling industry has laid off at least 63 thousand workers as an impact of the COVID-19 pandemic, ...

BKF estimates continuing oil price slump could widen budget deficit

The Finance Ministry's Fiscal Policy Agency (BKF) has projected that the continuing drop in global oil prices could ...

Government ensures availability of food commodities for Ramadhan

The government has ensured the availability of 11 food commodities by securing its supply, distribution, and price ...

Minister forecasts budget deficit to reach 2.2-2.5 percent of GDP

Indonesia's state budget deficit is expected to reach a range of 2.2 to 2.5 percent of the Gross Domestic Product ...

BI Governor responds to plunge in world oil prices

Bank Indonesia (BI) Governor Perry Warjiyo has responded to the global oil prices that crashed, from US$60 to around ...

S Sulawesi to start palm oil plant construction in February end

South Sulawesi will start the construction of a new palm oil processing plant in North Luwu District in late February ...

Finance Ministry monitors oil pricing following Iran-US tension

The Ministry of Finance will continue to monitor the movement of world oil prices in the midst of the escalating ...

Indonesian Crude Price rises US$3.44 per barrel in November

The average Indonesian Crude Price (ICP) in November 2019 increased US$3.44 to US$63.26, as compared to US$59.82 per ...

Budget deficit reached 1.8% in Oct 2019: Indrawati

Indonesia's budget deficit in the year ending October 31, 2019 reached Rp289.1 trillion, accounting for 1.8 percent ...

Indonesian government remains wary of hike in global oil prices

The Government of Indonesia maintains a guarded stance over the rise in global oil prices as an outcome of the attack ...

Geopolitical issues spike ICP to US$68.31 per barrel

The turbulence in world politics over the past month has sent the Indonesian Crude Price (ICP) soaring to US$68.31 per ...

News Focus

Indonesia's economic growth remains robust

Global economic gains are occurring, albeit at a slower-than-expected pace, along with less uncertainty originating in ...