Pertamina EP Discovers 133 Million Barrels of Oil Reserves and Surpasses Production Targets

In a significant development for Indonesia’s energy sector, state-owned operator Pertamina EP has announced the discovery of new oil and gas reserves, estimated at 133 million barrels of oil equivalent (MMBOE). This find marks a crucial milestone in the company’s ongoing efforts to bolster domestic energy security and sustain production levels amidst shifting global market … Read more

Oil Prices Surge as Trump Threatens Iran Over Strait of Hormuz Closure

Global energy markets are on edge as U.S. President Donald Trump has issued a series of aggressive ultimatums to Iran, demanding the immediate reopening of the Strait of Hormuz. The escalating rhetoric has sent oil prices surging, reflecting deep investor anxiety over the potential for a catastrophic military escalation in one of the world’s most … Read more