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Monday, October 5, 2026

OPEC's Indonesia Victim of Supply Cuts-Trade

Maritime Activity Reports, Inc.

May 21, 1999

OPEC member Indonesia has reportedly become a victim of the very oil supply cuts it helped to shape, as it has tendered to buy Saudi Arabian, Iranian and Iraqi crude because its normal supply has been cut under the latest OPEC accord to boost oil prices.
With the advent of fuel transition, digitalization, AI and autonomy, innovation in vessel design and operation proceeds at unprecedented speed.
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