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+--- Thread: Indonesia out from OPEC (/thread-227.html)
Indonesia out from OPEC - Steven - 05-28-2008
Indonesia will withdraw from the Organization of Petroleum Exporting Countries by the end of the year, said the country's prime-minister. He mentioned that the move follows declining oil production levels in Indonesia that have left the country a net importer of oil. This may bring to a new raise for oil prices.
Re: Indonesia out from OPEC - Terry - 05-29-2008
I don't consider it will have an impact on world oil price, Indonesia is not such a big extractor of oil