Jakarta - Global oil prices decrease on Thursday, October 22, 2015, following the increase in the United States crude supply, which raises concern on excessive global crude supplies.
The US's West Texas Intermediate (WTI) for December 2015 shipment was experiencing a US$1.09 decrease to a level of US$45.20 per barrel at the New York Mercantile Exchange, according to AFP report.
Meanwhile, the Brent North Sea for December 2015 shipment was experiencing a US$0.86 decrease to a level of US$47.85 per barrel at the London trading floor. The United States commercial oil supply increased by eight million barrels, totalling a 476.6 million barrels as of October 16, 2015, as reported by the United States Department of Energy in its weekly report. The increase was twice higher compared to the 3.75 million barrels expected by the global market, according to analyst as reported by Bloomberg News.
Source: Tempo
Govt to Hold Bilateral Meetings With OPEC States in Vienna
Jakarta - The government is scheduled to hold bilateral talks with oil-producing nations on the sidelines of the annual Organization of the Petroleum Exporting Countries (OPEC) conference in Vienna, Austria, this week.
Palu - State-owned oil and gas company, Pertamina will build a gas power plant in Palu city, Central Sulawesi province.
The Operation of RFCC and TPPI Reduced Imported Premium and Potentially Saved Foreign Exchange for US$1,99 Billion
Jakarta – Gradually starting by November 2015, PT Pertamina (Persero) will reduce imported premium, remembering that Residual Fluid Catalytic Cracking (RFCC) Unit Cilacap and Trans Pacific Petroleum Indonesia (TPPI) Refinery in Tuban will immediately operate.
Website Policy and Disclaimer. The information contained in this website is for general information purposes only. The information is provided by PT. Patra SK and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. Through this website you are able to link to other websites which are not under the control of PT. Patra SK. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. Every effort is made to keep the website up and running smoothly. However, PT. Patra SK takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
© 2014 PT PatraSK All rights reserved