VOL. XLVI
No 14
07-April-2003
OIL PRICES
Saudi LPG Prices Reduced Sharply As Heating Season Ends
Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced to customers on 31 March their LPG prices for April, reducing the price for propane by $60/ton to $325/ton and butane by $50/ton to $310/ton. The sharp price fall reflects the tumbling of spot market prices for LPG during March, as the winter heating season came to an end and increased crude oil production particularly by OPEC producers led...
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