Middle East Economic Survey


No 27


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...