Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

OIL PRICES/SAUDI ARABIA

Saudi LPG Prices For November At Record High For Second Month In A Row

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their November LPG contract prices to customers on 31 October, setting record peaks for both propane and butane for the second month in a row. Both product prices were raised by $30/ton from October, with propane set at $535/ton and butane at $555/ton. Yet the record high prices were...