Middle East Economic Survey

VOL. LIV

No 40

3-Oct-2011

SAUDI ARABIA/OIL PRICES

Saudi LPG Prices Reduced For October

Saudi Aramco on 28 September reduced its LPG prices for deliveries to customers during October. The contract price for propane was reduced by $55/ton to $735/ton and the price for butane was cut by $50/ton to $815/ton. The propane contract price was at the low end of the range of swaps prices over the past few days, and so within the range of market expectations, Walter M Hart,...