RI wants OPEC to maintain output

RI wants OPEC to maintain output

JAKARTA: Indonesia will ask the Organization of Petroleum Exporting Countries (OPEC), to maintain its current output despite softer crude prices, Mines and Energy Minister Purnomo Yusgiantoro said on Thursday.

OPEC's basket crude price is currently hovering between 25- US$26 a barrel, which is still between OPEC's price band of between 22-$28/bbl, he told reporters.

"Indonesia will propose OPEC to maintain output in a meeting later this month," he said. "But we will urge OPEC to make sure its members are more disciplined (in adhering to their respective quotas)."

OPEC will meet Sept. 24 at its headquarters in Vienna.

Indonesia is OPEC's only Southeast Asian member.--Dow Jones