{
    "success": true,
    "data": {
        "id": 1590787,
        "msgid": "luhut-warns-of-risks-if-oil-price-reaches-100-a-barrel-1772719299",
        "date": "2026-03-05 19:49:37",
        "title": "Luhut Warns of Risks if Oil Price Reaches $100 a Barrel",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "Luhut Binsar Pandjaitan, chairman of Indonesia's National Economic Council, warned that the economy could come under pressure if global oil prices rise to $100 per barrel. With crude trading around $78 and the 2026 APBN assuming $70 per barrel, the DEN is evaluating policy responses, including import sourcing and contingency planning in the event of Hormuz disruption, emphasising the need for accurate data on national oil stocks.",
        "content": "<p>JAKARTA \u2014 The Chairman of the National Economic Council (DEN), Luhut\nBinsar Pandjaitan, warned of potential pressures on the economy if world\noil prices surge to $100 per barrel. Crude oil was trading around $78\nper barrel. That level is higher than Indonesia\u2019s 2026 State Budget\n(APBN) assumption of $70 per barrel. \u2018Our economy could also be affected\nif oil prices suddenly rise, perhaps gradually, to $100 per barrel.\nRight now it\u2019s $78. Our APBN assumes $70,\u2019 Luhut said in a post on\nInstagram <span class=\"citation\" data-cites=\"luhut.pandjaitan\">@luhut.pandjaitan<\/span>, on Thursday (5\nMarch 2026). \u2018The Hormuz Strait matters; how large is the impact? How\nmany days of our strategic oil and energy reserves do we have? If Hormuz\nis closed, what then? So contingencies must be prepared,\u2019 he added. He\nstressed the importance of accurate data on national oil stock\nresilience. Detailed calculations are needed to map out anticipatory\nsteps. \u2018So I just checked yesterday that the reserves could be 30 days,\nor 18 days. We must now calculate carefully,\u2019 he said. DEN is currently\nexamining various inputs to formulate policy recommendations to the\ngovernment. Calculations cover import sources, costs, and their impact\non the State Budget. \u2018From now on we must look at where we should import\noil, how much it will cost, what the difference is, and what the impact\non the APBN will be. We are also holding open discussions in the\nNational Economic Council,\u2019 Luhut said. \u2018For instance with America, and\nwith others. Will Venezuela also be able to supply? Because Venezuela is\nnow a source of energy for the United States itself. What about African\ncountries?\u2019 He said. Luhut reminded that logistics factors and transport\ncosts must be accounted for to ensure the effectiveness of the import\ndiversification strategy.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/luhut-warns-of-risks-if-oil-price-reaches-100-a-barrel-1772719299",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}