Middle East Economic Survey
OIL PRICES/SAUDI ARABIA/KUWAIT
Saudi LPG Prices Held At $470/Ton For June
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their June LPG prices to customers on 31 May, rolling over the May formulas to keep both propane and butane at $470/ton. MEES soundings indicate that LPG spot trading was comparatively quiet in May, with buying restrained by seasonal demand stagnation and a slowdown in stockbuilding in Japan, which had followed...