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.