Indonesia to Import Fuel from Singapore, Is the Oil Supply Secure?

Jakarta, CNBC Indonesia – Energy and Mineral Resources Minister (ESDM) Bahlil Lahadalia said that imports of fuel from neighbouring countries such as Singapore remain safe, even as global geopolitical tensions rise due to the conflict in the Middle East.

According to Bahlil, Singapore, as a hub for oil trading, has a variety of crude supply sources, so they are not solely dependent on supplies from the Middle East.

‘I have the conviction it will not be much different from Indonesia. Because crude sources are not exclusively from the Middle East,’ Bahlil said at the Ministry of Energy and Mineral Resources, quoted on Thursday (5 March 2026).

Bahlil explained that crude oil supplies can also originate from Africa such as Angola, as well as other producing countries like Brazil and the United States.

In addition, he noted that global oil trading, in general, is flexible. Energy companies typically seek supply sources that are most economical and quickest.

According to Bahlil, disruptions in strategic shipping lanes such as the Strait of Hormuz do not automatically disrupt global oil supplies across the board. After all, only around 20.1 million barrels per day (bpd) pass through that route.

‘At the Strait of Hormuz, 20.1 million barrels per day pass through. Our global consumption is not 20 million; it is hundreds of millions of barrels per day. So I think it is a matter of how to navigate,’ said Bahlil.