Middle East Economic Survey

VOL. LII

No 31

3-Aug-2009

Saudi LPG Prices Reduced For August

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced to customers on 29 July that LPG contract prices for August deliveries would be $490/ton for propane and $520/ton for butane, down by $10/ton and $20/ton respectively from July. Walt Hart, Senior Consultant at Houston-based Purvin & Gertz, told MEES that estimates for August contract pricing as reflected in LPG swaps prices have been rising...