Indonesia to rejoin OPEC next month

Indonesia will rejoin OPEC as its 13th nation next month, almost seven years after suspending its membership, according to Bloomberg. As OPEC’s only Asian constituent, Indonesia will provide a link to Asia, where demand is still growing at a fast pace.

Indonesia is projected to produce 850,000 barrels a day this year, noted Bloomberg, citing a Nov. 13 report from the International Energy Agency. Only Libya, Ecuador, and Qatar produce less among OPEC’s member states. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...