VOL. XLIII

No. 49

4December 2000

SAUDI ARABIA

Saudi Aramco And KPC Cut LPG Prices By $10/Ton For December

Saudi Aramco and Kuwait Petroleum Corporation (KPC) on 30 November announced cuts in the prices of both propane and butane for December loading by $10/Ton to $335/ton. Since the November prices were set, demand has weakened in the LPG spot market, which Saudi Aramco uses as an indicator for its pricing, with current spot market activity suggesting that some contract customers may think...