Middle East Economic Survey

VOL. XLVII

No 23

07-June-2004

OIL PRICES

Saudi LPG Prices Raised For June Deliveries As Asian Demand Strength Continues

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their June LPG prices to customers on 31 May, raising the price for propane by $20/ton to $338/ton and raising butane by $35/ton to $355/ton. As usual, the latest prices reflect bidding for Saudi Aramcos regular three spot tenders during the previous month: each of the May tenders was for...