NO. 42


Saudi Arabia

Samarec Wants to Adjust LPG Price Formula to Respond to Exceptional MarketVolatility

Saudi Arabia's Samarec has notified its term customers for LPG that,although it will be retaining its traditional formula linking LPG prices to theprice of Arabian Light crude oil, it wants to take precationary steps againstany exceptional volatility in the LPG market. MEES understands that Samarec toldrepresentatives of its LPG customers at meetings in London during the...