5:13 pm October 19, 2014 | No Comment
Saudi Arabia and Kuwait halted production at a jointly run oil field late last week, a move that could help ease a supply glut that has seen oil prices drop 25 percent.
6:38 pm October 17, 2014 | No Comment
Nickel miner Vale Indonesia signed an amendment to the mining contract on Friday, making it the first company to update its permit with the government.
6:15 pm October 16, 2014 | No Comment
Thailand plans to offer new licences to explore for oil and gas next week for the first time in seven years, as the net oil importer seeks to offset declining supply from fields in the Gulf of Thailand.
11:42 am October 16, 2014 | No Comment
The Ministry of Agriculture estimates Indonesia will produce more than 70 million tons of unhusked rice this year — a 1.9 percent fall from 71.3 million in 2013 — due to dry weather exacerbated by El Nino.
9:35 am October 16, 2014 | No Comment
Coffee farmers in Indonesia, the world’s third-biggest producer of robusta beans, will probably harvest a record crop next year as rains boost flowering and cherry development in the main growing regions.
7:23 pm October 15, 2014 | No Comment
Thai and Malaysian tyre-grade rubber were sold this week at above a proposed industry price floor, while Indonesian sellers unloaded more cargoes to top tyre makers Bridgestone and Goodyear at lower rates, traders said.
7:16 pm October 15, 2014 | No Comment
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting US oil output. Slowing a US drilling boom, however, could take more than a year.
6:06 pm October 15, 2014 | No Comment
With economic growth slipping close to zero, Russia is reeling from sanctions by the US and the European Union over its land grab in Ukraine, and from a ruble at a record low.