Middle East Economic Survey

VOL. LIV

No 27

4-Jul-2011

Saudi LPG Prices Reduced For July

Saudi Aramco announced on 28 June its LPG prices for July deliveries to customers, cutting the contract price for propane by $40/ton to $815/ton and reducing butane by $70/ton to $855/ton. The market reaction was that the price was higher than expected, given the price drop in the crude oil market after the US and Europe released some strategic reserves to replace lost Libyan volumes, Walter M Hart, Senior...