July ICP down to $104.63 per barrel
Monday, August 11 2014 - 08:08 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$104.63 per barrel in July 2014, down $4.32 from $108.95 in June 2014, as shown on Monday 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 $105.06 per barrel in July 2014, a decrease from $111.61 in June 2014, the website reported.
The decrease occurred in line with the rise of crude prices on the international market.
Editing by Benget Besalicto ST