Indonesian Political, Business & Finance News

RI crude prices surge

| Source: DJ

RI crude prices surge

TOKYO (Dow Jones): Unofficial prices for Indonesian crude grades for September have risen sharply from official August levels, in line with a surge in the Persian Gulf grades, according to industry calculations released late Thursday.

Indonesian price rises in September ranged from US$2.20 a barrel to $2.47/bbl.

Sumatra Light Crude, or Minas, for September is unofficially set at $21.80/bbl, up $2.25 from its August Indonesian crude price of $19.55/bbl. Duri is at $20.73/bbl, up $2.20 from $18.53/bbl in August. Widuri is at $21.06/bbl, up $2.26 from $18.80/bbl in August.

Cinta is at $21.19/bbl unofficially, up $2.22 from $18.97/bbl in August. Attaka for September is at $23.03/bbl, $2.47 higher than $20.56/bbl in August.

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