Middle East Economic Survey

VOL. XLIX

No 45

6-Nov-2006

Saudi LPG Prices Reduced For November As Market Slackens

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their November LPG prices to customers on 31 October, reducing propane by $30/ton to $450/ton and cutting butane by $15/ton to $470/ton. The price reduction reflected the further easing of crude oil prices and the slack LPG spot market during October. MEES soundings indicate that some customers thought Saudi Aramco could have...