VOL. XLVI

No 1

6-January-2003

SAUDI ARABIA

Saudi LPG Prices Raised In Response To Strong Spot Market Demand

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their contract prices for January to customers on 31 December, raising the prices of propane by $15/ton to $342/ton and butane by $8/ton to $335/ton. The increases were based on strong spot market demand for LPG during December, which Saudi Aramco had anticipated after relatively flat November trading (MEES, 9 December 2002). MEES...