Middle East Economic Survey


No 31


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...