September ICP up to $43.13 per barrel
Friday, October 2 2015 - 09:09 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$43.13 per barrel in September, up $0.31 from $42.81 in August, as shown on Friday 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 $42.96 per barrel in September, a decrease from $43.21 in August, the website reported.
The increase in the ICP occurred in line with the decline of crude prices in the international market.
Editing by Johannes Simbolon