Middle East Economic Survey


No 10


Saudi LPG Prices Cut By $35-55/Ton For March

Saudi Aramco and Kuwait Petroleum Corporation (KPC) on 2 March announced that contract prices for propane and butane for March delivery would be $470/ton for propane and $450/ton for butane, reduced by $35/ton and $55/ton respectively from February. Commenting on the price cuts Ron Gist, Managing Consultant at the Houston office of Purvin and Gertz, told MEES that the swaps market for the Middle East...