VOL. XLVI

No 5

3-February-2003

SAUDI ARABIA

Saudi LPG Prices Increased As Market Continues To Tighten

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their February contract LPG prices to customers on 29 January, raising the price for propane by $33/ton to $375/ton and increasing the price for butane by $30/ton to $365/ton. The price increases were based on a continuing tightening of the LPG market, particularly in Asia. The Saudis are readily placing every cargo of LPG available for...