VOL. XLVI

No 23

9-June-2003

SAUDI ARABIA/KUWAIT

Saudi LPG Prices Increased As Crude Tightness Spurs Demand

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their June LPG contract prices to customers on 30 May, increasing the price for propane by $18/ton to $248/ton and the price of butane by $25/ton to $235/ton. Following last months sharp drop in prices in response to tumbling crude prices (MEES, 5 May), this months relatively small increase reflects a partial recovery in demand for...