ICP up to $42.17 per barrel in September
Wednesday, October 5 2016 - 03:13 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$ 42.17 per barrel in September 2016, up by $1.06 from $41.11 in August 2016, as shown on Wednesday (Oct.5) 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 $43.08 per barrel in September, an increase from $41.75 in August, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Benget Besalicto ST