SAUDI ARABIA/OIL PRICES/OPEC

 

Saudi LPG Prices Reduced For July Contracts

Saudi Aramco on 1 July announced a reduction for its contract prices for LPG deliveries to customers during July. The price of propane was reduced by $105/ton to $575/ton and butane was cut by $145/tons to $620/ton. “The propane price dropped by $105/ton from June, but landed within market expectations,” Walter M Hart, Senior Consultant at Houston-based Purvin & Gertz,...