Middle East Economic Survey
SAUDI ARABIA/KUWAIT/OIL PRICES
Saudi LPG Prices Surge To New Peak Above $620/Ton On Heating Fuel Demand
Saudi Aramco and Kuwait Petroleum Corp (KPC) announced their February LPG contract prices to customers on 31 January, setting new records for the second month running by increasing propane by $47/ton to $622/ton and butane by $42/ton to $627/ton. While some of the increase can be attributed to the recent resurgence in crude oil prices,...