Middle East Economic Survey

VOL. LI

No 23

9-June-2008

OPEC/OIL PRICES/SAUDI ARABIA/KUWAIT

Saudi LPG Prices Raised To Record Highs For June

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their June LPG contract prices to customers on 30 May, increasing propane by $50/ton to $895/ton and raising butane by $60/ton to $920/ton. The June prices represent record highs, and are largely attributable to the new peaks for benchmark crude oil prices achieved last month. The crude price rise...