May ICP up to $61.86 per barrel
Thursday, June 4 2015 - 08:00 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$61.86 per barrel in May this year, up $4.28 from $57.58 in April, as shown on Thursday 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 $62.70 per barrel in May, an increase from $59.92 in April, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Benget Besalicto ST