Indonesia out from OPEC

[Steven]

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.

[Terry]

I don't consider it will have an impact on world oil price, Indonesia is not such a big extractor of oil