Middle East Economic Survey

VOL. LI

No 44

03-Nov-2008

SAUDI ARABIA/OIL PRICES

Saudi LPG Prices For November Down By $300-320/Ton From October

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced on 30 October that prices from propane and butane for November would be reduced by $300/ton and $320/ton respectively to $490/ton for propane and $490/ton for Butane. By comparison, prices for LPG in October were set at $790/ton for propane and $810/ton for butane. MEES soundings indicated that...