VOL. XLV

No 9

4-March-2002

OIL PRICES/SAUDI ARABIA

Saudi Aramco Reduces LPG Prices By$5/Ton

Saudi Aramco announced tocustomers on 28 February a $5/ton reduction in LPG contract prices for Marchdeliveries, with propane set at $215/ton and butane at $180/ton. AlthoughKuwait Petroleum Corporation (KPC) normally follows the Saudi lead in its ownpricing, the force majeure on LPG exports in the wake of the blast inRaudhatain field a the end of January is still effective, and the companyissued no...