December ICP down to $59.56 per barrel
Tuesday, January 6 2015 - 08:06 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$59.56 per barrel in December 2014, down $15.83 from $75.39 in November 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 $60.00 per barrel in December 2014, a decrease from $76.33 in November 2014, the website reported.
The decrease occurred in line with the rise of crude prices on the international market.
Editing by Benget Besalicto ST