Here is an overview of Indonesia's position in the global oil supply, including crude oil production, consumption, and imports:

📊 Indonesia's Crude Oil Production Indonesia's crude oil production has been declining for decades. In 2023, production was around 608,300 barrels per day, down from a peak of 1.43 million barrels per day in 1995. The decline was due to declining production at major oil fields and a lack of new investment.

source : Indonesia Investments TheGlobalEconomy.com Enerdata

🛢️ Consumption and Import Needs Indonesia's oil consumption continues to increase, reaching around 1.6 million barrels per day in 2023. With domestic production lower than consumption, Indonesia has been a net importer of oil since 2006. source: Enerdata In 2023, Indonesia imported crude oil mainly from Nigeria, Saudi Arabia, Angola, Gabon, and the United States. The Observatory of Economic Complexity

🔄 Import Diversification Strategy To reduce dependence on a single source, Indonesia plans to increase crude oil and LPG imports from the United States by about $10 billion as part of trade tariff negotiations. The move aims to reduce dependence on traditional suppliers such as Singapore and Gulf countries.

source : Reuters

🌍 Indonesia's Position in Global Oil Supply Despite Indonesia's declining oil production, the country still plays an important role in the global energy market, especially as a major producer of palm oil used in biodiesel. However, in terms of crude oil, Indonesia's contribution to global supply is relatively small compared to other major producing countries.

📈 Data Visualization Here are some graphs that illustrate Indonesia's oil situation: Development of Indonesian Crude Oil Prices (ICP)

Source: Ministry of Energy and Mineral Resources Indonesia's

Crude Oil Production and Consumption Source: Indonesia Investments Projection of World Oil Supply and Demand 2023

Source: Kontan