ICP drops to $44.50 per barrel in June
Tuesday, July 12 2016 - 09:55 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$44.50 per barrel in June 2016, down $0.18 from $44.68 in May, 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 $45.64 per barrel in June, a decrease from $49.46 in May, the website reported.
The decrease occurred amid the rise of crude prices in the international market.
Editing by Benget Besalicto ST