Jakarta, Jan. 9 -- Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto said US President Donald Trump's claim that the United States would receive 30-50 million barrels of oil from Venezuela is unlikely to have a significant impact on global energy markets.

According to Hartarto, Venezuela's current oil production capacity is below one million barrels per day, accounting for less than one percent of global oil output. As a result, the diversion of such a volume of oil would not meaningfully affect global supply.

"It won't have any impact. First, Venezuela's oil production is below one million barrels per day, so it is less than one percent. Globally, there will be no impact," Hartarto said at his office on Friday....