ICP up to $46.64 per barrel in October
Monday, November 7 2016 - 01:51 AM WIB
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$ 46.64 per barrel in October 2016, up by $4.47 from $42.17 in September 2016, as shown on Friday (Nov.4) 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 $47.55 per barrel in October, an increase from $43.08 in September, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Reiner Simanjuntak