JAKARTA . Average price of crude oil based on the calculation
formula Indonesia Indonesia Crude Price ( ICP ) in May 2012 reached U.S. $
113.76 per barrel . This price decline by about 10 % or U.S. $ 10.88 per barrel
compared to ICP in April , which reached U.S. $ 124.63 per barrel
.
Meanwhile, oil prices Minas / SLC in May 2012 also recorded a decrease of U.S. $ 10.29 a barrel , from U.S. $ 127.96 per barrel in April 2012 to U.S. $ 117.67 per barrel in May 2012 .
Team Indonesia in oil prices last Friday , announced a decline in crude oil prices in line with Indonesia a similar trend in world markets . Saudi Arabia's government plans to continue to increase its oil production to be one trigger of the decline in world oil prices .
Another cause is the geopolitical crisis in the Middle East triggered by Iran 's nuclear program is beginning to show positive development . It is characterized by a meeting between Iran and Western countries to discuss Iran 's nuclear program and Iran's agreement to accept inspection of the International Atomic Energy Agency ( IAEA ) .
Meanwhile, oil prices Minas / SLC in May 2012 also recorded a decrease of U.S. $ 10.29 a barrel , from U.S. $ 127.96 per barrel in April 2012 to U.S. $ 117.67 per barrel in May 2012 .
Team Indonesia in oil prices last Friday , announced a decline in crude oil prices in line with Indonesia a similar trend in world markets . Saudi Arabia's government plans to continue to increase its oil production to be one trigger of the decline in world oil prices .
Another cause is the geopolitical crisis in the Middle East triggered by Iran 's nuclear program is beginning to show positive development . It is characterized by a meeting between Iran and Western countries to discuss Iran 's nuclear program and Iran's agreement to accept inspection of the International Atomic Energy Agency ( IAEA ) .
" The weakening economy , particularly the euro zone as indicated
by high levels of unemployment in Spain to reach 24.4 % , also led to the
decline in world oil prices , " the team wrote in its announcement of
Indonesia's oil prices , on Friday last week.
Decline in world oil prices also caused by the data from the Energy Information Administration ( EIA ) which states that U.S. commercial crude oil stocks continue to increase so as to achieve 382.5 million barrels . The amount is 14 % above average U.S. commercial crude oil stocks for 5 years. Another cause is the strengthening U.S. dollar exchange rate which resulted in world crude oil demand fell .
Specifically for the Asia Pacific region , the decline in crude oil prices presumably due to unplanned shutdown ( unplanned stop ) refinery in Vietnam and China refinery operating rates decreased from 9.2 million barrels per day to 8.9 million barrels per day to China to sell back its crude oil . ( Kontan )
Decline in world oil prices also caused by the data from the Energy Information Administration ( EIA ) which states that U.S. commercial crude oil stocks continue to increase so as to achieve 382.5 million barrels . The amount is 14 % above average U.S. commercial crude oil stocks for 5 years. Another cause is the strengthening U.S. dollar exchange rate which resulted in world crude oil demand fell .
Specifically for the Asia Pacific region , the decline in crude oil prices presumably due to unplanned shutdown ( unplanned stop ) refinery in Vietnam and China refinery operating rates decreased from 9.2 million barrels per day to 8.9 million barrels per day to China to sell back its crude oil . ( Kontan )
No comments:
Post a Comment