Fuel Shortages and Panic Buying Hit Indonesia as Gas Prices Surge

Fuel stations across Indonesia are facing significant disruptions as waves of fuel panic buying in Indonesia trigger massive queues and localized shortages. From the urban centers of East Java to the remote regions of Central Kalimantan, motorists are flocking to stations to fill their tanks far beyond their immediate needs, driven by a volatile mix … Read more

US Oil Reserve Release Fails to Calm Markets as Prices Surge Past $100

Global Oil Prices Remain Elevated Despite Historic Reserve Release Jakarta – Despite a coordinated release of the largest emergency oil reserves in history, global oil prices have remained stubbornly high, defying expectations of significant relief for consumers, and businesses. Over 30 countries across Europe, North America, and Northeast Asia agreed to release approximately 400 million … Read more