No. 19

8 May 2000


Saudi Aramco And KPC Cut May LPG Prices In The Face Of West-East Arbitrage And Slack Market

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have reduced their LPG contract prices (CPs) for April by $45/ton for propane to $255/ton and by $50/ton for butane to $255/ton. One reason put forward by market players was that Saudi Aramco may have cut prices to seal off an opening for arbitrage after Asian buyers took delivery of LPG cargoes from Algeria,...