SAUDI ARABIA/KUWAIT/OIL PRICES
Saudi LPG Prices Raised As Spot Market Tightens
Saudi Aramco announced to customers on 30 June an increase in its July contract prices for LPG, with propane raised by $27/ton to $275/ton and butane raised by $25/ton to $260/ton. The increases were based on a strengthening of spot markets throughout June. Early strength was attributable to high demand in the US for natural gas, causing producers not to strip liquids out of domestic gas...