Indonesian Crude Oil Prices
As of October, Indonesia痴 state-owned oil company Pertaminahas applied a new pricing method for its Indonesia Crude Price (ICP). The newformula no longer uses a 52-week historic average, which was based on APPIassessments. Now the ICP formulas are based on the monthly average of priceassessments published by Platts (40%), RIM (40%) and APPI (20%). The followingtable contains the export prices for Indonesian crudes for the first 10...