Jakarta Forum-ANTARA News - The Indonesian crude price (ICP) surged US$10.29 a barrel to US$123.36 in April from US$113.07 in March, according to the Energy and Mineral Resources Ministry.
"The oil price rose mainly because of protracted political tensions in the Middle East and North Africa, raising market concern about instable oil supplies from the region," the ministry`s oil price team said in a report issued on Tuesday.
In April, world oil prices at the WTI market reached US$110.04 a barrel for Nymex, US$123.09 for Brent (ICE), US$130.29 for Tapis (Platts), and US$117.90 for Basket OPEC.
ICP continued to increase. In July 2010, it stood at US$73.75 a barrel and rose to US$75.97 in August 2011, US$76.76 in September 2010, US$82.26 in October 2010, US$85.07 in November 2010, and US$ 91.37 in December 2010.
It moved up further to US$97.09 a barrel in January 2011, US$103.31 in February 2011, US$113.07 in March 2011, and US$123.36 in April 2011.
In January 2011, ICP was still below US$100 a barrel. However, several of 50 types of crude oil serving as reference for ICP formula already hit a level of US$100 a barrel. They were Geragai which rose to US$100.01, Jambi US$100.01, Kaji US$100.22, Mengoepeh US$100.01, Ramba/Tempino US$100.01 , and Tanjung US$100.01.
In March 2011, Indonesian crude oil of Anoa type reached the highest price of US$117.08 a barrel.
ICP formula uses 50 types of crude oil, with eight of them serving as main reference. They are Minas or sweet light crude (SLC), Arjuna, Attaka, Cinta, Duri, Widuri, Belida, and Senipah Condensate.
The oil price team also noted that the other cause of crude price hike in April was a decline in OPEC production and the US dollar`s depreciation against other currencies. OPEC production fell by up to 1 million barrels in March from a month earlier.
The team said a decline in US commercial oil stocks was also responsible for the global crude price hike. Data from the US Energy Information Administration (EIA) show compared to early April 2011, gasoline stocks fell 11.1 million barrels and distillate fuel stocks dropped 7 million barrels at the end of April 2011.(*)
Editor: Heru
Jakarta Hotels
Jakarta Mercure Convention Centre Ancol Hotel
... Jakarta Mercure Convention Centre Ancol Hotel ...Mercure Convention Centre Jakarta is the only international resort hotel in Jakarta, and has direct access to the beach. Located in the heart of the exciting Dreamland Ancol Park, between the Oceanarium and Fantasy World. The Ancol boasts such attractions as arts and crafts markets and an 18-hole golf course. The hotel is the perfect venue for large or small meetings, receptions, conferences, seminars, weddings and other functions. The hotel...
Batavia Apartments
... Jakarta Batavia Apartments ...Batavia Apartments, serviced residences for expatriates living in Jakarta. Located near the heart of the Golden Triangle, Jakarta's business district, Batavia Serviced Residences offer all the amenities and services of a five-star hotel, while living amongst a community of expats from around the world. Visit us soon and find out why Batavia Apartments has become a premier housing choice for expatriates.Since Batavia Apartments is located near the Golden Triangle,...
Park Lane Jakarta Hotel
... Park Lane Jakarta Hotel ...Welcome to The Park Lane JakartaIf you truly appreciate the warmth of a sincere welcome, plus a comfortable room and quality service delivered professionally by friendly, smiling staff, then The Park Lane Jakarta is the place for your stay in the capital.The hotel is located adjacent to one side of the city’s “Golden Triangle” central business district and is close to Kuningan ITC/Ambassador shopping mall. Hotel Map All of the hotel’s 280 rooms, including 36 long-stay...
Grand Hyatt Hotel
... Jakarta Grand Hyatt Hotel ...Grand Hyatt Jakarta is a luxury hotel located in the heart of Jakarta business district. Our Jakarta hotel is adjacent to Indonesia's most comprehensive and sophisticated shopping mall, Plaza Indonesia, and enjoy convenient access to government offices, museums and Jakarta's cultural attractions. Our hotel in Jakarta is just 40 minutes by car from Soekarno Hatta International Airport (CGK).With 428 hotel rooms & suites, Grand Hyatt Jakarta is one of the largest...
Jakarta Shangri-la Hotel
... Jakarta Shangri-la Hotel ...The Shangri-La Hotel, Jakarta offers peaceful luxury in the heart of Indonesia's capital. Our beautifully landscaped gardens, fine restaurants and serene quarters provide a relaxing retreat for discerning travellers.CustomStayEnjoy the flexibility to create your own hotel experience in a way that is tailored to your needs.BonusChoiceEnjoy simply delightful extra value at Shangri-La.There is a new way to save called BonusChoice, which entitles you to enjoy a choice...
Puri Casablanca Suites Serviced Apartment
...Puri Casablanca Suites Serviced Apartment....Gracious Living of Puri Casablanca, where the beauty of nature and modern technology of architecture blend so harmoniously together. A world of its own, a tranquil and refreshing experience for the soul, mind and body. Be ready to be pampered by our friendly staff and the conveniences of a hotel-style service while enjoying the cozy atmosphere of home which makes the Puri Casablanca's truly Your Own Private Life. The Puri Casablanca is a serviced...
0 Comment:
Post a Comment