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The Potential for a Slowdown in the World Economy Depressed Oil Prices

Lensa Aktual . Crude prices slumped in Thursday's trade, US time. Weakening occurs as market participants' attention is focused on signaling a slowdown in global economic growth and rising crude oil production. Reported by Reuters on Friday, the price of Brent crude oil futures fell 4.24 percent or US $ 2.31 to US $ 52.16 per barrel. The decline also occurred in the price of US West Texas Intermediate (WTI) crude oil futures of US $ 1.16 or 3.48 percent to US $ 44.61 per barrel. "The market has partially recovered yesterday's gains brought along with euphoria on the stock market," said Lipow Oil Associates President Andrew Lipow in Houston, USA. For the record, world crude oil prices jumped more than eight percent in Wednesday's trade. That happened as a surge in the Wall Street market after Donald Trump's administration tried to hoist market confidence. The price of Brent and WTI has fallen more than 30 percent since the beginning of October 2018. Looking...

Prabowo Team Call Jokowi Achieve Build Crackers Toll

Channel Nasional . Spokesman for the National Winning Body (BPN) Prabowo-Sandi, Suhendra Ratu Prawiranegara said the success of the Jokowi government to build the Trans Java toll road was not proven. Because, only a few days ago was inaugurated, there was a part of the toll road that collapsed. "The government's claim has succeeded in building a false Trans Java toll road. The proof has only been inaugurated for several days, it has collapsed. It is not a name achievement if the government builds tolls like crackers. Infrastructure development must be sustainable. in his statement on Thursday. Suhendra's statement follows the collapse of the tangle of the Trans Java toll road in kilometer 489 in Tanjungsari Village, Banyudono Subdistrict, Boyolali. The position of the toll road is also about 5 meters higher than the rice fields on the right and left. He was worried, similar damage could occur in other locations. This former Special Staff of the Minister of General Developm...