Middle East Economic Survey

VOL. L

No 23

4-June-2007

OPEC/OIL PRICES/SAUDI ARABIA/KUWAIT

Saudi LPG Prices Raised Again For June As Naphtha Tightness Boosts Spot Market

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their June LPG contract prices to customers on 30 May, raising the price for propane by $32/ton to $592/ton and increasing butane by $37/ton to $612/ton. MEES soundings indicate that the increases are attributable not only to recent rises in crude oil prices the LPG...