JAKARTA (Yosefardi) – The Indonesian crude price (ICP) reached US$107.20 per barrel in December of 2013, compared to US$104.69 in previous month.
JAKARTA (Yosefardi) – Average price of Indonesian crude oil in November, 2013 was US$104.69 per barrel, lower than US$106.39 in previous month.
The increase was in line with increasing crude oil price in international market along with global economy’s growth.
Other factor was the decline in oil supply by OPEC members (mainly Libya, Nigeria and Kuwait) and non OPEC members (mainly North Sea).
In Asia Pacifi region, crude oil price also increased alongwith the economic growth in India and higher import oil by China.
ICP reached its low at US$99.01 per barrel in July this year.