Jakarta: The average price of the Indonesian Crude Price (ICP) stood at US$54.81 per barrel in December 2018, decreasing by US$8.17 per barrel compared to November 2018.
The average price of ICP SLC stood at US$55.63 per barrel last month. It decreased by US$8.3 per barrel compared to the previous month.
"The decrease was influenced by lower crude oil prices in international markets," the Energy and Mineral Resources Ministry said in a written statement received by Medcom.id.
These are the average oil prices in the world markets last month:
1.Brent (ICE) decreased by US$8.28 per bareel to US$57.67 per barrel.
2. WTI (Nymex) decreased by US$7.71 per barrel to US$48.98 per barrel.
3. OPEC Basket decreased by US$6.88 per barrel to US$58.45 per barrel.
4. Dated Brent decreased by US$7.35 per barrel to US57.39 per barrel.