Middle East Economic Survey
VOL. XLVII
No 49
6-December-2004
OIL PRICES
Saudi LPG Prices Reduced By $46/Ton After Demand Falters
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their December contract prices for LPG to customers on 2 December, reducing the prices for both propane and butane by $46/ton, to $417/ton and $427/ton respectively. MEES soundings indicate that the size of the price reduction was a response to customer concerns that LPG prices in October and November were...
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