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...