Indonesia lowers crude prices for April, Minas at $62.67/b

London (Quatum Commodity Intelligence) - Indonesia has set its April selling price for Minas crude oil at $62.67/b, down $1.39/b from the March level and a differential of -$2.03/b versus Dated Brent, Platts reported Thursday.

The country's other main grades also had their price lowered on the month, with Senipah condensate falling $2.37/b to $62.88/b and Belida $1.24/b lower at $62.73/b, according to a notice seen from the  Ministry of Energy and Mineral Resources.

Indonesia publishes Offical Selling Prices (OSPs) retroactively for several dozen grades each month, only a small basket of which are referenced against Brent crude, while the rest are referenced against that main basket.