VOL. XLIV
No. 07
12 February 2001
SAUDI ARABIA/KUWAIT
Saudi Aramco And KPC RaiseFebruary Propane Price But Reduce Butane
Saudi Aramco and Kuwait PetroleumCorporation (KPC) announced on 31 January their contract prices for Februarydeliveries of LPG, raising the price of propane by $15/ton and lowering that ofbutane by $5/ton (see Table below). With the recent fall in natural gas prices,the US market has ceased to be a magnet for arbitrage and a major force behindLPG spot prices; now the baton has...
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