Middle East Economic Survey

VOL. L

No 28

9-July-2007

OIL PRICES/SAUDI ARABIA/KUWAIT

Saudi LPG Prices Reduced By $17/Ton For July, Saudi Aramco Trimming LPG Exports

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their July LPG contract prices to customers on 30 June, reducing both products by $17/ton to take propane to $575/ton and butane to $595/ton. The reduction came despite a strengthening of benchmark crude oil prices during June. Although the LPG pricing formula includes a...