OPEC+ limits supply increase, Brent rises again to USD 64 per barrel
02 Jun 2025 10:19
Global tensions and OPEC+ decisions are the main drivers of the oil price surge.
MEDC CEO Roberto Lorato: Profit decline due to commissioned smelter
31 May 2025 10:38
MEDC records net profit of USD 18 million in the first quarter of 2025, plunging 81% year-on-year.
MEDC secures IDR 8 trillion loan from BRI
29 May 2025 12:06
MEDC signed the term loan agreement with BRI on 26 May 2025.
Indonesian tanker spotted carrying 2 million barrels of Russian oil
28 May 2025 17:41
S&P Global Oil Tracker reveals a tanker detected transporting Russian oil to Indonesia.
US oil and gas rigs slump to lowest since 2021
26 May 2025 11:29
US oil and gas rigs slump, signalling a bleak outlook for the energy industry?
ESSA expands into bioavtur business based on used cooking oil
24 May 2025 11:29
ESSA enters bioavtur business with a production target of around 200,000 MT per year.
MEDC extends oil & gas contract in Thailand’s Bualuang block to 2035
21 May 2025 15:11
MEDC secures extension of oil and gas contract in Thailand’s Bualuang block until 2035.
President Prabowo inaugurates Forel and Terubuk oil fields
16 May 2025 14:48
Forel and Trubuk oil fields expected to increase oil lifting to 900,000 bpd
ENRG discovers 20 million barrels of oil in Bentu Block
14 May 2025 14:19
The discovery could raise ENRG’s oil production share, which currently stands at 18%.
OPEC oil output dips, but Iran bucks the trend
09 May 2025 14:20
Despite US sanctions, Iran records the largest increase in OPEC production.