VOL. XLIII

No. 14

3 April 2000

SAUDI ARABIA

Saudi Aramco And KPC Cut April LPG Prices As Market Demand Softens

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have reduced their LPG contract prices (CPs) for April by $20/ton for propane to $300/ton and by $20/ton for butane to $305/ton. While Saudi Aramco did receive bids for April deliveries for both products at the March price of $325/ton, this was the highest offer in a market that throughout the month appeared increasingly stagnant,...