Indonesia ordered its top refiner to limit the purchase of crude oil from overseas this year as the former OPEC member seeks to source more fuel locally to tackle a persistent current account deficit. The energy and mineral resources ministry issued PT Pertamina with a permit to import only 50 million barrels of crude this year, below the 80 million barrels the state refiner sought, acting Director-General of Oil and Gas Djoko Siswanto told reporters in Jakarta on Tuesday. Indonesia directed local oil producers in 2018 to sell their output to Pertamina at market price in a bid to lower its crude import bill, a major ... (full story)