I read on the internet that OPEC or Organization of Petroleum Exporting Countries shall be held on Wednesday morning. There is much anticipation for the result of this OPEC meeting. Never before OPEC meeting is held in the middle of many political upheaval happened on its member country, such as war in a member [...]
Now we are heading to other issue aside from PSN service. On this posting, I would like to mentioned to you about the Oil prices. I do not know whether you know it, but on Thursday 5 May 2011, in the US there is dramatic plunge of Oil prices in comodity market. Crude Oil [...]
I read on Antara site that Indonesian government predict that Indonesia Industrial growth in 2011 can reach 5.2-6.1 percent. The prediction of Industrial growth of Indonesia in 2011 is delivered by Industrial Minister, MS Hidayat on Wednesday 22 Dec 2010. The minister then explained that with that number of Indonesia’s Industrial growth in [...]
I read on this site that Indonesia economy growth in Q4 of 2010 can reach 6.1 percent. This number make the Indonesia annual Economy growth in 2010 is 6.0 percent. This claim is released by Indonesia Finance Ministry.
The report also said that the until November 2010, Indonesia year on year inflation [...]
It may not be a good news for all Indonesian people. I read on Antara site that Indonesia Government shall start to limit the subsidized fuel supply, begins on January 2011. The activity to limit the subsidized fuel supply on January 2011 shall run first on Jakarta and its surrounding area. According [...]
Jack up Drilling Rig – taken from http://1.bp.blogspot.com
I read on the newspaper yesterday, that one of famous shipyard company in Batam has just finished one of their big shipyard project (valued as USD 200 Millions) and delivered it to their customer in Norwegia. The company is Dubai Drydock World (DDW), one of the [...]
Airlines – taken from www.freefoto.com
As the Indonesian oil price goes down, the Indonesian airlines is revising their fuel surcharge to cope with this new benefit. By doing so, they hope they can attract more passenger to fly on their airlines.
One of the Airlines that already done is Airasia and Mandala. I [...]
According to Indonesia Oil observer Kurtubi on his interview with detik, the world crude oil price in 2009 can go as low as USD20 in 2009. The range of the price is USD20 to USD75.
This price is very very low compare to the oil price in middle of 2008 that can reach USD147.
Antara yesterday posted an article saying that the Government expect the price of commodity to be go down on Feb 2009. This is as an impact of Government plan to cut down the price of gasoline and diesel oil on 15 Jan 2009.
I do hope the prediction is correct. It is well known [...]