EnergyHighReportedAccelerating
7.9
Saudi Arabia seeks long-term oil contracts bypassing Strait of Hormuz
gCaptain·SA · AE · IR·3 days ago
Indonesia is turning to oil fields originally developed by Dutch colonial companies to meet its energy production targets, aiming for millions of barrels per day. The move signals a reliance on mature assets amid declining domestic output and rising import needs. Uncertainty remains over the fields' actual capacity and the investment required to revive them.