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. 

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