Middle East Economic Survey

VOL. XLVII

No 36

6-September-2004

OIL PRICES

Saudi LPG Prices Raised Again For September As A Result Of Crude Market Strength

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their September LPG prices to customers on 1 August, raising the price for propane by $45/ton to $383/ton and the price of butane by $40/ton, also to $383/ton. MEES soundings indicate that the LPG price increase was mainly due to the recent surge in crude oil prices to new all-time...