VOL. XLVII

No 06

09-February-2004

OIL PRICES

Saudi LPG Prices Raised Although Firm Winter Demand Tapers

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their February LPG prices to customers on 29 January, raising the prices of both propane and butane by $10/ton to $330/ton. While January spot trading saw LPG prices increase, there was also evidence that the winter heating season was coming to an end, and MEES soundings indicate that a decline in LPG prices is anticipated. A tail-off...