Indonesia open to rejoining OPEC
Seeking Alpha
Published Jul 26, 2017 06:07AM ET
Indonesia open to rejoining OPEC
- A sign of the times? Indonesia is open to rejoining OPEC as long as it's not forced to curb its own crude oil production.
- "We would have to have a concession for not following cuts from time to time," said Ignasius Jonan, the nation's energy and mineral resources minister.
- The country, which pumps about 800K barrels of crude per day, would become the group's 15th member.
- ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, EIDO, IDX, USL, DNO, IF, OLO, SZO, OLEM, OILK, WTIU, OILX, WTID, USOI
- Now read: Oil Rallies As Market Can Only Ignore Physical Market For So Long
Original article
Get The News You Want
Written By: Seeking Alpha
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.