Introducing the New OPEC Member That Likes Lower Oil Prices
- Indonesia rejoins group 7 years after suspending membership
- Move may reflect `marginalization' of OPEC, Citigroup says
A motorcycle owner is buying subsidized gasoline in Jakarta. Indonesia will re-join the Organization of Petroleum Exporting Countries as its 13th member next month, almost seven years after suspending its membership.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
After defending the interests of oil-exporting nations for five decades, OPEC has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps.