VOL. XLVII

No 14

05-April-2004

OIL PRICES

Saudi LPG Prices Increased On Strong Asian Demand

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their April LPG contract prices to customers on 31 March, raising the price for propane by $25/ton to $290/ton and for butane by $29/ton to $294/ton. The price recovery after the large reductions for March deliveries (MEES, 8 March) was a result of Japanese and Chinese traders in particular returning to the spot market on a buying spree. MEES...