June ICP drops to $43.66 per barrel
Tuesday, July 4 2017 - 03:55 PM WIB
By Julianto Ginting
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$43.66 per barrel in June, down by $3.43 from $47.09 in May, as shown on Tuesday 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 $44.71 per barrel in June, a decrease from $48.08 in May, the directorate said.
The decrease occurred in line with lower crude prices in the international market.
Editing by Reiner Simanjuntak