OPEC AND OIL PRICES
Indonesia to Maximize Oil Output
Indonesia has made it plain that it plans to make up for falling oil prices and revenues by maximizing exports at competitive market prices, thereby abandoning both OPEC official pricing and Indonesia's OPEC production quota of 1,189,000 b/d.
Indonesia's policy in this regard was spelled out by Mr. Ali Wardhana, Indonesia's Coordinating Minister for the Economy, Finance, Industry and Development. He told the Asian Wall...