Middle East Economic Survey
VOL. LII
No 27
6-Jul-2009
Saudi LPG Prices For July Rise In Tandem With Crude Prices
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced to customers on 30 June that LPG contract prices for July deliveries would be $500/ton for propane and $540/ton for butane, increased by $105/ton and $85/ton respectively from June. MEES sources say that LPG prices are riding in tandem with crude oil prices and being driven by petrochemical demand, particularly in the Far...
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