Middle East Economic Survey


No 23


Saudi LPG Prices For June Reduced From Record Highs

Saudi Aramco announced its LPG prices for June deliveries to customers on 31 May, reducing the contract price for propane by $90/ton to $855/ton and reducing butane by $70/ton to $925/ton. The price reduction follows a month-on-month decline in benchmark crude oil prices by more than $10/B. The propane price is $5-10/ton below the market expectations, given the usual run-up in swaps...