January ICP up to $56.55 per barrel
Tuesday, February 5 2019 - 05:02 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$56.55 per barrel in January 2019, up by $1.74 from $54.81 in December 2018, as shown on Tuesday on the website of the Energy and Mineral Resources Ministry.
The benchmark price of Minas/SLC crude averaged at $57.46 per barrel in January 2019, an increase from $55.63 in December 2018, the ministry said.
The increase occurred in line with higher crude prices in the international market.
Editing by Reiner Simanjuntak