Indonesia is facing a stark fiscal challenge as the cost of keeping energy affordable for its population has surged far beyond initial projections. New data reveals that government spending on fuel and liquefied petroleum gas (LPG) subsidies and compensations reached Rp 118.7 trillion by March 2026, representing a staggering 266% increase compared to the same … Read more
Sofia, Bulgaria – A significant escalation in the ongoing conflict in the Middle East occurred Wednesday, March 18, 2026, with reports emerging of an attack on Iran’s South Pars natural gas field. This marks the first reported strike against energy infrastructure within Iran during the current U.S.-Israeli conflict, raising fears of a wider regional war … Read more
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