Indonesia Considers Russian Crude as Domestic Production Falls

Former OPEC member Indonesia is looking to buy Russian crude for the first time in more than a decade according to anonymous sources that spoke with Reuters. Indonesia’s Pertamina hasn’t bought any crude oil from Russia following its invasion of Ukraine in February 2022 but has now added Sokol and Urals grade crude oil to its tender list for purchase in September 2024. According to Reuters, the last time that the Indonesian oil company bought Sokol crude was more than 10 years ago.Whether Indonesia joins China and India as buyers of…