ICP up to $52.50 per barrel in February
Saturday, March 4 2017 - 05:46 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$ 52.50 per barrel in February 2017, up by $0.62 from $51.88 in January 2017, 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 $53.36 per barrel in February 2017, an increase from $53.11 in January 2017, the directorate said.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Reiner Simanjuntak