The Indonesian government has said it expects they the crude oil price could be maintained at between US$54 and US$55 per barrel. Energy and Mineral Resources Minister Purnomo Yusgiantoro has said that the attempt to control the oil price can be achieved by securing oil supplies. “In the future, we will try to make oil price not dependant on the geopoliticsal situation, but on supply security so that oil price can be at around US$54-55 per barrel,” said Purnomo, yesterday (04/18). He stated that currently the crude oil price is at around US$63-65 per barrel, influenced by the conflict in Iran. This shows that geopolitics situation really does affect the movement of crude oil prices. For Indonesia, said Purnomo, the fluctuation of crude oil pricse will have an effect on Indonesia's revenues. “If oil price are high, oil revenues will also high,” he said. However, on the other side, the high oil price will influence other sectors so that it will tried to maintain oil prices at around US$54-55 per barrel. ____________
Tempo
Labels: Internet News, Politics
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