ICP up to $51.09 per barrel in December
Thursday, January 5 2017 - 01:57 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$ 51.09 per barrel in December 2016, up by $7.83 from$43.25 in November 2016, 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 $52.62 per barrel in December, an increase from $44.53 in November, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Reiner Simanjuntak