Indonesia: Indonesia has announced that it will stop importing diesel starting July 1, the date the country launches its B50 biodiesel program. The announcement was made by Indonesia's Minister of Agriculture Andi Amran in a press statement on Sunday. According to Qatar News Agency, this marks the country's shift towards using B50, a blend of 50 percent palm oil-based biodiesel and 50 percent conventional diesel. Minister Amran pointed out that this step is part of government efforts to enhance national energy independence by using palm oil as an alternative fuel. He noted that palm oil is not limited to diesel production, but can also be converted into gasoline and ethanol, noting that efforts are currently underway to accelerate the development of these applications. This move comes amid global supply disruptions and rising risks in the Strait of Hormuz, with Indonesia moving to reshape its energy security strategy by reducing reliance on fuel imports and strengthening domestic alternatives.
Gold Prices Climb by One Percent Amid Declining Oil Prices
London:Gold prices increased by approximately one percent, bolstered by a decline in oil prices as investors anticipate the upcoming US Federal Reserve monetary policy meeting for insights on future interest rate directions.
According to Qatar News …