October ICP down to $83.72 per barrel
Tuesday, November 4 2014 - 06:56 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$83.72 per barrel in October 2014, down $11.25 from $94.97 in September 2014, 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 $84.46 per barrel in October 2014, a decrease from $95.66 in August 2014, the website reported.
The decrease occurred in line with the rise of crude prices on the international market.
Editing by Johannes Simbolon