Indonesia to rejoin OPEC in December

EPA/BAGUS INDAHONO

An Indonesian worker rides a bike past barrels of oil at Peramina's Plumpang fuel oil depot in Jakarta, Indonesia.

Indonesia to rejoin OPEC in December


Indonesia’s energy ministry says his country’s return to OPEC in December will bring it closer to the world’s main oil producer and ease its reliance on a small group of traders for suppliers. Indonesia is Asia’s top gasoline importer.

As reported by Reuters, Organisation of the Petroleum Exporting Countries is expected to approve Indonesia's request to reactivate its full membership at the group's next meeting on December 4, making the Southeast Asian country the group's only net crude oil i...


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