May ICP down to $106.20 per barrel
Tuesday, June 3 2014 - 02:40 PM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$106.20 per barrel in May 2014, down $0.24 from $106.44 in April 2014, as shown Tuesday on the Directorate General of Oil and Gas? website.
The benchmark price of Minas/ SLC crude averaged $108.17 per barrel in May 2014, a decrease from $111.05 in April 2014, the website also showed.
The decrease occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon