Middle East Economic Survey
VOL. XLVII
No 32
09-August-2004
OIL PRICES
Saudi LPG Prices Raised For August Because Of High Crude Prices And Strong Demand
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their August LPG pricing formulas to customers on 1 August, raising the price for propane by $23/ton to $338/ton and the price for butane by $8/ton to $343/ton. MEES soundings indicate that the price rises were a result of the recent all-time high crude oil prices, since the crude price...
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