ICP up to $51.88 per barrel in January
Wednesday, February 8 2017 - 07:58 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$ 51.88 per barrel in January 2017, up by $0.79 from $51.09 in December 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 $53.11 per barrel in January 2017, an increase from $0.49 in December 2016, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Benget Besalicto ST.