VOL. XLVI

No 36

08-September-2003

OPEC

OIL PRICES

Saudi LPG Prices Increased Slightly For September

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced to customers on 31 August their LPG pricing formulas for September, raising the price for propane by $3/ton to $278/ton and raising the cost of butane by $5/ton to $265/ton. MEES soundings indicate that some buyers thought that Saudi Aramco would reduce its pricing a little this month, because of a weakening spot market and because of the...