USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.23

+0.18

AI-92 42.28

+0.01

AI-95 46.04

+0.01

AI-98 51.75

0

Diesel 46.25

-0.01

19

Indonesia Not To Quit OPEC

Earlier this year Indonesian government considered the possibility to quit the group because falling output and rising fuel demand

Indonesia said it would like to retain its status as a member of the Organization of Petroleum Exporting Countries and work to boost its oil production, a government official said. Indonesia, by the way, has become a net oil importer.

Rachmat Sudibyo, head of a government team reviewing Indonesian membership, said that being a member of OPEC ?provides a lot of benefits.? For example, to participate in steps to manage global oil prices, he said.

Earlier this year Indonesian government considered the possibility to quit the group because falling output and rising fuel demand have reduced exports.

Production in Indonesia, Southeast Asia's only OPEC member, has fallen 5 percent annually during the last five years. For four months of last year the country had to import supplies to meet demand.