Middle East Economic Survey
VOL. XLVII
No 45
8-November-2004
OIL PRICES
Saudi LPG Prices Reach New Peak On Crude Market Strength
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their November LPG contract prices (CPs) to customers on 1 November, raising propane by $65/ton to $463/ton and butane by $70/ton to $473/ton, the highest levels since CPs were introduced 10 years ago. As in the last few months the main factor behind the price hike was again the record-setting run of crude oil...
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