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.
