Indonesia to import more crude oil from US as Middle East conflict escalates, minister says
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Indonesia plans to increase crude oil imports from the US to offset supply disruptions from the Middle East due to escalating conflicts, as stated by Energy Minister Bahlil Lahadalia. The ongoing war has caused significant civilian casualties and disrupted global oil transport, leading to rising oil prices. Currently, 25% of Indonesia's crude oil imports come from the Middle East. The government is also exploring alternative sources for liquefied petroleum gas (LPG) and is monitoring the impact of rising oil prices on fuel subsidies, with no immediate price hikes expected ahead of the Eid holidays.
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