World Oil Prices, Rupiah Exchange Rate and Stock Prices in Current Geopolitical Conditions

DOI

10.2991/978-94-6239-709-5_119How to use a DOI?

Keywords

oil prices; exchange rates; stock prices; geopolitical conflicts; trade wars

Abstract

This study aims to explore the connections between stock prices of Indonesian energy firms (specifically those engaged in oil extraction and listed on the IDX 30 index) and fluctuations in oil prices and exchange rates. Geopolitical influences, including persistent global disputes, play a pivotal role in shaping energy supply and demand dynamics, often triggering sharp variations in energy costs. At present, escalating geopolitical strains are amplifying challenges within the international energy landscape, driving sustained cost increases that extend into broader financial systems. Adopting an associative quantitative methodology, the research draws on a dataset of 40 observations, sourced from past records of stock performance, oil benchmarks (such as Brent crude), and exchange rate movements (IDR/USD) across a defined timeframe. Multiple linear regression analysis, performed using EViews software, evaluates the combined and individual influences of these factors. The results indicate no discernible effect from exchange rates or oil prices on stock values, whether considered together or separately, as evidenced by insignificant coefficients (p > 0.05). This absence of influence points to the robustness of Indonesia's energy sector, which may stem from effective regulatory frameworks, varied income sources, or advanced strategies for managing risks. In the end, these outcomes illuminate the complex dynamics linking local financial environments to global economic forces, providing useful perspectives for investors, regulators, and subsequent research on econometric patterns in developing markets.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Rini Rizky Amelia Ridwan
AU  - Maat Pono
PY  - 2026
DA  - 2026/06/20
TI  - World Oil Prices, Rupiah Exchange Rate and Stock Prices in Current Geopolitical Conditions
BT  - Proceedings of the 10th International Conference on Accounting, Management, and Economics (10th ICAME 2025)
PB  - Atlantis Press
SP  - 1699
EP  - 1712
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-709-5_119
DO  - 10.2991/978-94-6239-709-5_119
ID  - Ridwan2026
ER  -