Desperately Avoiding the Inevitable
Monday, 18 April 2022
European Union’s plan to embargo Russia again rises world oil prices. The increase in fuel prices is a bet for Pertamina’s finance.
THE Indonesian government is cornered by oil prices. Russia’s invasion of Ukraine, still with no end in sight, makes oil prices keep jolting. After going down to US$98 per barrel at the start of the week, Brent oil prices, which are the international benchmark, once again jumped to above US$111 on Friday, April 15.
Oil export revenue is a crucial ‘ammunition’ for Russia to ﬁnance its war. Russia is the third-larges...
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