Middle East Economic Survey

VOL. XLIX

No 23

5-Jun-2006

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...