VOL. XLVI

No 44

3-November-2003

OIL PRICES

Saudi LPG Prices Lifted For November

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their November LPG pricing formulas to customers on 29 October, raising the price for propane by $20/ton to $280/ton and increasing the price for butane by $25/ton to $280/ton. To a certain extent the price increase reflects the normal strengthening of demand for LPG as a heating fuel as winter approaches, but a diversion of some Middle East supplies to Iraq...