VOL. XLV

No 31

5-August-2002

SAUDI ARABIA/KUWAIT

Saudi Aramco AndKPC Raise LPG Prices By $10/Ton

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced tocustomers on 31 July their LPG contract prices for August, raising the price ofboth products by $10/ton: propane to $235/ton and butane to $225/ton. The priceincrease is attributable to strengthened demand in the Chinese and Japanesemarkets in particular. In July the LPG spot market was bolstered both byintrinsic demand and by continued...