VOL. XLVI

No 49

8-December-2003

OIL PRICES

Saudi LPG Prices Increased For December As Market Tightens

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their December LPG prices to customers on 30 November, raising the price of propane by $30/ton to $310/ton and the price for butane by $35/ton to $315/ton. This was the first time that the cost of Saudi and Kuwaiti butane had exceeded that of propane since July 2000. MEES soundings indicated that the relative strength of butane was...