The Indonesian Ministry of Finance has formally enacted its anticipated tariff-exemption decree on select plastic raw materials, providing narrow relief for conventional low-density polyethylene (LDPE) while leaving the country's primary volume polymers subject to existing import duties.
Global crude oil futures settled lower on Wednesday after the IEA agreed to accelerate a 100-million-barrel emergency reserve release targeting middle distillates, though escalating war risks and a looming US Gulf hurricane limited losses.