Middle East Economic Survey


No 45


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...