Indonesian crude price (ICP) in April 2017 stood at US$49.56 per barrel, higher than previous month (US$48.71). ICP SLC also increased to US$49.56 per barrel from US$48.71. The increase followed world oil prices; supported by some factors included lower crude production (by OPEC and non OPEC), to 95.98 million barrels per day, lower US inventory, growing risk on geopolitic between US and Suriah, the revised world oil demand for 2017 (to 96.32 million barrels per day), and lower world oil supply (2,987 million barrels).
