VOL. XLIV
No. 19
7-May-2001
CRUDE OIL/LPG PRICES
Middle East LPG Producers HoldPrices Steady As Market Bottoms Out
Middle Eastern LPG producersappear to have decided that the recent decline in LPG prices has bottomed outand that the supply/demand equation is in balance for the short-term. On 1 MaySaudi Aramco and Kuwait Petroleum Corporation (KPC) announced their LPGcontract prices for May, carrying over the price for propane and reducing theprice for butane by $10/ton (see Table below)....
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