February ICP up to $28.92 per barrel
Wednesday, March 2 2016 - 01:41 PM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$28.92 per barrel in February 2016, up $1.43 from $27.49 in January, as shown on Wednesday 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 $28.66 per barrel in February, an increase from $26.63 in January, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon