Middle East Economic Survey
OPEC/OIL PRICES/SAUDI ARABIA
Saudi LPG Prices Increased By $125/Ton For February
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced on 2 February that contract prices for propane and butane for February delivery would be raised by $125/ton each over January to $505/ton. Behind the price rise is a tightening of the LPG spot market, as supplies from Gulf producers which mainly recover their LPG from associated gas are reduced in line...