January ICP rises to $105.80 per barrel
Tuesday, February 4 2014 - 02:02 PM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$105.80 per barrel in January 2014, down $1.40 from $107.20 in December 2013, as shown Tuesday on the Directorate General of Oil and Gas? website.
The benchmark price of Minas/ SLC crude averaged $110.03 per barrel in January 2014, an increase from $108.06 in December 2013, the website also showed.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon