#Oil Prices
Palm oil firms warn B50 biodiesel mandate could trigger sharp cooking oil price hike
The Indonesian Palm Oil Association (Gapki) has warned that the government’s plan to implement the 50 percent biodiesel blending mandate (B50) could lead to a sharp rise in cooking oil prices, echoing price spikes seen in early 2022.
Energy sector contributes Rp400 T, falling commodity prices drag down revenues: ESDM ministry
The Ministry of Energy and Mineral Resources (ESDM) has revealed that the national energy sector − through total earnings from taxes, non-tax revenues, and other sources − contributes approximately Rp400 trillion (US$25 billion) to state revenues annually, said Director General of Mineral and Coal at the ministry Tri WInarno.
Village cooperatives not eligible to manage oil wells: Bahlil
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has clarified that the Red-and-White Cooperatives (KDMP), village-based cooperatives known for selling daily necessities, do not qualify to manage community oil wells under the government’s new energy regulation.
2026 energy budget proposals based on lower oil price assumptions amid global market shifts
Minister of Energy and Mineral Resources, Bahlil Lahadalia, proposes that the country's 2026 energy state budget be based on an Indonesian Crude Price (ICP) range of US$60–80 per barrel, citing declining global demand, oversupply, and geopolitical uncertainties.
Oil prices edge up amid Israel-Iran tensions, heightening fiscal risks
Global oil prices continued their upward trend on Wednesday, June 18, 2025, driven by growing fears that the escalating conflict between Iran and Israel could disrupt vital energy supply chains, particularly in the Middle East.
Middle East conflict pushes oil prices higher, shakes economic fundamentals
Minister of Finance Sri Mulyani Indrawati has sounded the alarm over rising geopolitical tensions in the Middle East, warning that the ongoing conflict between Iran and Israel has begun to reverberate through the global economy with oil prices surging and market volatility rising.