Middle East Economic Survey
SAUDI ARABIA/OIL PRICES
Saudi LPG Prices Hiked For December
Saudi Aramco on 30 November announced its December LPG contract prices for customers, increasing the price of propane by $135/ton to $905/ton, and that of butane by $145/ton to $945/ton. The propane price matches the record high set for July 2008. These new contract prices were much higher than reflected in a ramp-up of swaps prices in the week prior to the announcement, and...