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Fuel Price Rise and Indonesia to quit OPEC

Still feeling the the hype of national fuel price awakening? Well, just got a shocking news from Majari Magazine Oil and Gas Info RSS aggregator:

Quoted from AME Info, the ultimate Middle East business resource:

“Indonesia, the only OPEC member in South East Asia will leave the organisation today. The announcement comes as the country’s annual output stands at 49% of its peak and industrial disputes have slowed new developments. The country now imports close to 30% of its domestic oil needs.”

You may read the article here (if you don’t believe me) and you should also read the BBC UK’s version.

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