Day: January 8, 2017

Crude oil has been hovering above US$50 per barrel since early December 2016 thanks to OPEC’s decision to cut production. OPEC basket price, which is closer to Indonesian Crude Price, for January 2017 is currently 100% above average price in January 2016. Implications to oil and gas supporting services companies like Apexindo Pratama Duta (APEX)?