August ICP drops to $42.81 per barrel
Friday, September 4 2015 - 09:29 AM WIB
By Ruli Setiawan
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$42.81 per barrel in August, down $9 from $51.81 in July, as shown on Friday 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 $43.21 per barrel in August, a decrease from $51.91 in July, the website reported.
The decrease in the ICP occurred in line with the decline of crude prices in the international market.
Editing by Johannes Simbolon