VOL. XLVI

No 40

06-October-2003

SAUDI ARABIA

OIL PRICES

Saudi LPG Prices Reduced For October Deliveries

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their October LPG pricing to customers on 30 September, reducing the price for propane by $18/ton to $260/ton and the price for butane by $10/ton to $255/ton. The price reduction reflects a weakening of spot market prices for LPG during September, caused by an overhang of product in the Asian market and a fall in crude oil prices as...