October ICP up to $43.68 per barrel

Tuesday, November 3 2015 - 06:47 AM WIB

By Romel S. Gurky

The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$43.68 per barrel in October, up $0.55 from $43.13 in September, as shown on Tuesday on the website of the Directorate General of Oil and Gas at the Energy and Mineral Resources Ministry.

The increase in the ICP occurred in line with the decline of crude prices in the international market.

Editing by Reiner Simanjuntak

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