December ICP drops to $35.47 per barrel
Tuesday, January 5 2016 - 09:31 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$ 35.47 per barrel in December 2015, down $5.97 from $41.44 in November 2015, 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 $34.61 per barrel in December, a decrease from $41.03 in November last year, the website reported.
The decrease in the ICP occurred in line with the decline of crude prices in the international market.
Editing by Benget Besalicto ST.