16 Quotes by Purnomo Yusgiantoro

do what we can do to assure market stability.

Our decision is in place, up until now we will still increase by 500,000 barrels a day from August. This decision is still valid.

This is because of Hurricane Ivan and some problems in other places,

The ministers noted that current high oil prices are the result of a combination of many factors, ... Principal among them are gasoline bottlenecks in some regions of the world, increased geopolitical tensions in some regions, speculation in the futures market and recent upward revisions in global demand. These factors were analyzed with a view toward finding a solution to the problem.

If the problem in Iran is not resolved immediately, we are worried that global oil prices will rise again because Iran is an OPEC member.

If you look at the supply and demand balance, the world has enough oil,

High oil prices can cause recession. We are not happy with high oil prices,