VOL. XLII

No. 36

6-September-1999

SAUDI ARABIA

Saudi Aramco Increases LPG Prices $20-30/Ton Amid SofteningMarket Conditions

Despite signs of weakness evident in the LPG market towardsthe end of August, Saudi Aramco nonetheless opted to increase its Septembercontract prices for butane and propane by $20-30/ton last week. Arguably,cargoes on the Mideast spot market were still commanding premiums of some$8-10/ton through most of August and only dipped into negative territory at thetail end of the...