Economics
Diesel Profit Dropping as Indonesia Ban Shutters Mines: Energy
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The ripples from Indonesia’s ban on mineral-ore exports are reaching energy markets, as shuttered mines and idle trucks crimp demand for diesel.
Profit from making the fuel in Singapore this year will be the lowest since 2011, Wood Mackenzie Ltd. says. Indonesia, Asia’s biggest importer of the fuel, will buy 20 percent less amid the contraction in mining following the ban in January, according to the Edinburgh-based consultant.