Platts amends Indonesia Crude Price publication from April 20

Platts, part of S&P Global Energy, has amended the description of two Indonesia Crude Prices and started publication of one ICP from April 20.

The Pam.Juata/Sanga2/Mamburungan ICP, which was published under the price database code AINAG00, has been amended to Pam.Juata/Mamburungan.

The Geragai condensate ICP, which was published under the price database code AINDN00, has been amended to Geragai condensate/Makmur condensate.

Platts has also started publication of Sanga2 Mix ICP under the price database code AINBS00 from April 20. The new price database code for Sanga2 Mix has been backfilled to July 2024, when Sanga2 was commercialized as Attaka crude oil grade, according to the Ministry of Energy and Mineral Resources.

The updated and new ICPs are published alongside the other ICPs on Platts Global Alert and Platts Crude Alert page 1056.

Platts first announced the amendment and publication of the ICPs in a subscriber note published March 23.

The ministry issues the ICPs one month after loading, and are hence set retroactively. For example, in April, the ministry will issue the outright ICPs for cargoes loaded in March.

Platts publishes the ICPs issued by the Ministry of Energy and Mineral Resources as soon as they are made available.

Please send questions, comments or feedback to asia_crude@spglobal.com and PriceGroup@spglobal.com.

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