August ICP down to $99.51 per barrel
Tuesday, September 2 2014 - 11:25 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$99.51 per barrel in August 2014, down $5.12 from $104.63 in July 2014, as shown on Tuesday on the website of the directorate general of oil and gas at the energy and mineral resources ministry.
The benchmark price of Minas/SLC crude averaged at $100.00 per barrel in August 2014, a decrease from $105.06 in July 2014, the website reported.
The decrease occurred in line with the rise of crude prices on the international market.
Editing by Benget Besalicto ST