ICP up to $41.11 per barrel in August
Friday, September 2 2016 - 10:19 AM WIB
By Romel S. GUrky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$41.11 per barrel in August 2016, up $0.41 from $40.70 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 $41.75 per barrel in August, an increase from $40.77 in July, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Reiner Simanjuntak