No. 23

4 June 2001


Saudi Aramco And KPC Increase LPG Prices For June Deliveries

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have increased their contract prices for June deliveries of LPG, with propane being raised by $10/ton from May and butane by $5/ton. MEES soundings indicate that, while spot market prices during May might have justified a greater rise in the propane price, the companies kept their increase smaller than recent ones in the spot market in order to...