January ICP down to $45.30 per barrel
Wednesday, February 4 2015 - 01:07 PM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$45.30 per barrel in January 2015, down $14.26 from $59.56 in December 2014, 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 $45.56 per barrel in January 2015, a decrease from $60.00 in December 2014, the website reported.
The decrease occurred in line with the rise of crude prices on the international market.
Editing by Benget Besalicto ST