Middle East Economic Survey

VOL. LII

No 2

12-Jan-2009

OPEC/OIL PRICES/SAUDI ARABIA

Saudi LPG Prices Increased For January

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced on 31 December that both propane and butane for delivery in January 2009 would be priced at $380/ton, with propane being raised by $40/ton and butane by $45/ton. The January formulas mark the first price increase for both propane and butane since July 2008, when they were both set at record levels of more than...