SEATTLE (Oil Monster): Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has downplayed concerns that political unrest in Venezuela could disrupt global oil markets, saying the situation is unlikely to influence international crude prices or trade flows.
ESDM spokesperson Dwi Anggia said Venezuela’s oil output remains limited despite its massive reserves. Average production is still below one million barrels per day, a level considered too low to materially sway global supply-demand dynamics. She contrasted the situation with the Middle East, where conflicts often trigger sharp price swings due to the region’s concentration of OPEC producers.
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To mitigate external risks, Indonesia is reinforcing its domestic energy resilience. Anggia said the government is prioritizing higher national oil production while strengthening strategic petroleum reserves as a preventive measure.
Separately, ESDM Director General of Oil and Gas Laode Sulaeman confirmed that Indonesia’s fuel supply and pricing remain unaffected, noting the country does not import crude oil from Venezuela. Authorities continue to closely monitor global developments for any indirect impacts.
On the diplomatic front, Indonesia expressed concern over recent U.S. military action involving Venezuela. The Foreign Ministry warned that the use of force could undermine regional stability and international norms, emphasizing the importance of sovereignty, diplomacy, and the Venezuelan people’s right to determine their own future.
