Middle East Economic Survey


No 19


Saudi LPG Prices Raised To Record Levels For May

Saudi Aramco on 1 May announced to customers its LPG prices for May deliveries, setting new records for both propane and butane in the wake of rising crude oil prices. Saudi propane for May delivery was increased by $70/ton to $945/ton and the price of butane was raised by $105/ton to $995/ton. Swaps prices increased dramatically in the week before the announcement, and the final price was...