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Thursday, April 17, 2025 ICP March dropped to USD71.11/barrel, the impact of increasing US trade tariffs

News Energy & Renewables Reports
Date: 17th Apr, 2025 Source: Ministry of Energy and Mineral Resources (ESDM) Country: Indonesia Original Source

Brief

On Thursday, April 17, 2025, the Ministry of Energy and Mineral Resources (ESDM) issued an update regarding ICP March dropped to USD71.11/barrel, the impact of increasing US trade tariffs. The price decrease was influenced by global oil prices falling due to concerns over US tariff hikes, OPEC+ signaling continued plans for oil production increases, and inventory levels in the US rising, among other factors.

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Ministry of Energy and Mineral Resources (ESDM)

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