Even though Indonesia returned to the OPEC cartel for just one year, the country was able to strategically make its membership work to its advantage by securing large investments in its upstream resources after struggling to do so for some time.
OPEC agrees to its first production cut in eight years, reminding the market of its enormous power, but the ultimate impact of the cartel's action is far from certain.
Since the launch of The Fuse in June, we’ve published over 300 stories, infographics, and videos, commenting on global energy markets as they proceed further into uncharted territory. Here are ten standout pieces.
Despite the oversupply in the global oil market, members did not agree to any supply cut at its meeting on Friday in Vienna, as the group is continuing with its Saudi-led strategy of fighting for market share, agreed upon last year, instead of throttling back to shore up prices.
As Indonesia prepares to be readmitted into OPEC at the upcoming December meeting in Vienna, it faces complex energy policy decisions, particularly in regards to fuel subsidies.