No. 28

9 July 2001


Saudi Aramco And KPC Reduce LPG Prices For July

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have reduced their contract prices for deliveries of LPG during July, announcing to customers on 2 July a $15/ton cut in the price of propane to $270/ton, and a $5/ton reduction in butane to $230/ton. The price reductions are understood to be due to relative weakness in the spot market during June, although no further significant decline is expected during...