Indonesia Posts Surprise Trade Deficit of $318M

The video discusses Indonesia's trade balance, which shifted from a $50 million surplus to a $318.1 million deficit, primarily due to an $800 million deficit in the oil and gas sector. The non-oil and gas sector showed a surplus. The Central Statistics Agency reported a rise in exports and imports, leading to a $1.4 billion deficit for the January-August 2014 period. Barclays economists attributed the deficit to increased import growth. Additionally, Pertamina confirmed a deal to acquire a 330% stake in Murphy's Oil assets in Malaysia for $2 billion, with the transaction supporting Murphy's overseas expansion and drilling activities.

What was the main reason for Indonesia's trade deficit according to the Central Statistics Agency?

• Increased exports in August

• A decrease in total imports

• A surplus in the non-oil and gas sector

• A deficit in the oil and gas sector

What was the total trade deficit of Indonesia for the January-August 2014 period?

• $1.4 billion

• $800 million

• $318.1 million

• $50 million

What factor contributed to the decline in oil and gas imports?

• Increased travel activity

• Conversion to alternative energy sources

• Higher oil prices

• Decrease in export growth

What is the value of the stake Pertamina is acquiring in Murphy's Oil Corps' assets?

• $3 billion

• $2 billion

• $1 billion

• $4 billion

How much daily production does Murphy's asset in Malaysia contribute?

• 86,000 barrels

• 50,000 barrels

• 70,000 barrels

• 100,000 barrels