Indonesia’s return to Opec complicates decision on oil output target


LONDON: Opec’s policy meeting in December will welcome Indonesia’s return as a member, complicating a decision by the producer group on whether to change its oil output target.

After refusing to cut output last year, the Organisation of Petroleum Exporting Countries is pumping much more than its target of 30 million barrels per day (bpd) because of near-record Saudi Arabian and Iraqi production, and smaller increases elsewhere in the group.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Opec , oil and gas , Indonesia ,

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In