Indonesian Crude Price

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Indonesian Crude Price, or ICP, is a price index for crude oil from Indonesia.

The ICP is determined by Dirjen Migas, based on moving average spot price of a basket of eight internationally traded Indonesia crudes:

• Minas
• Cinta
• Duri
• Arjuna
• Attaka
• Widuri
• Belida
• Senipah

In some cases ICP is used as index in long term LNG contracts in East Asia.

Video Indonesian Crude Price

References

• "Indonesia - Exports, Marketing & Pricing". APS Review Oil Market Trends. 1999-03-15. Retrieved 2011-05-07. 

Source of the article : Wikipedia