The global oil market is on edge as tensions rise in the Middle east,notably in Syria. Experts are warning of potential price swings as the geopolitical landscape shifts. Simon Aloysius Mantiri, President Director of Indonesia’s state-owned energy giant Pertamina, acknowledged the complex factors at play. “The geopolitical situation, especially in the Middle East, is indeed … Read more
Jakarta – The conflict between Israel and Hamas will have an impact on increasing world oil prices. This was also triggered by the need for oil ahead of winter. The increase in crude oil prices can affect fuel prices. The government is also pushing for the issuance of regulations governing Pertalite buyers. The Director General … 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 – Saudi Arabia and Russia announced it would cut production and supply oil to push up prices that had fallen. Quoted from CNN, the largest oil exporting country will cut production by up to 1 million barrels per day until the end of August. The move to cut production is aimed at bringing back … Read more
Oil prices are on the rise as fears of a debt default by Washington fade, a rise accompanied by caution resulting from inflation not falling as quickly as required. Oil prices are rising as fears of America’s debt repayment fade away International oil prices rose during trading today, Friday, after declining by more than 1% … Read more
Oil prices rise ahead of interest rate hike decisions, due to fears of the banking crisis and inflation in the United States, and fears of a decline in oil demand. Brent crude recorded $75.30 a barrel, and US West Texas Intermediate crude increased $2.78 to reach $71.34 a barrel. Oil prices rose, yesterday, Friday, and … Read more
Oil prices remain near their highest levels since the beginning of the year, after the reopening of borders, the easing of restrictions imposed to combat Covid, and the increase in demand for fuel in China. Oil prices are holding steady amid rising demand in the Chinese market Oil prices fell today, Monday, but held near … Read more
The head of Brazil’s state-owned oil company Petrobras, Jean-Paul Pratis, said he plans to change the country’s fuel pricing policy, according to Reuters. Pratiss told reporters he will change the company’s pricing policy, which links fuel to international oil prices, stressing that that doesn’t mean prices won’t be fully tied to the international market. He … Read more
NEW YORK, KOMPAS.com – Crude oil price The world recorded an increase late in trading on Monday (12/12/2022) local time or Tuesday morning WIB. Movement price of crude oil The world has been dulled by the impact of the Keystone Pipeline closure affecting US oil supplies. To collect CNBC oil price Brent crude futures rose … Read more