Middle East Economic Survey
Saudi LPG Prices Raised By $5/Ton For July
Saudi Aramco and Kuwait Petroleum Corporation (KPC) on 28 June announced their July LPG contract prices to customers, raising propane by $5/ton to $398/ton and butane also by $5/ton to $401/ton. Although the LPG pricing formula includes a factor based on crude oil prices, and crude prices have recently reached a new peak, the July pricing shows a relatively small increase. Soundings indicate that...