Middle East Economic Survey


No 14


Saudi LPG Prices Raised For April After Surge In Crude Prices And Chinese Demand

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their April LPG contract prices to customers on 29 March, raising the price for propane by $38/ton to $415/ton, and raising butane by $36/ton to $418/ton. Much of the increase was attributable to the fact that crude oil prices soared to all-time record levels during March, pulling the spot market...