Indonesia, despite falling oil flow, to stay in OPEC

Indonesia intends to remain a member of the Organization of Petroleum Exporting Countries despite its falling oil production.“I have asked OPEC about the matter, and they said that when you want to join the organization you have to be a net exporter. But when you are already there and have become a member, you will continue to be a member,” said Purnomo Yusgiantoro, Indonesia’s minister of energy and mineral resources.“In OPEC, comparison should be made on a crude-to-crude basis. Crude exports should be compared to crude imports as well,” he added, according to the state-run Antara news agency.On a crude-to-crude comparison, Indonesia is still viewed as a net...

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