VOL. XLII

No 45

8-November-1999

SAUDI ARABIA

Aramco Cuts LPG Prices For November In Response To SlackAsian Demand

Cuts in contract prices (CPs) for LPG deliveries in Novemberby Saudi Aramco and Kuwaitç—´ KPC by $20/ton for both propane (to $250/ton) andbutane (to $240/ton) came as no surprise given the prevailing slack conditionof the LPG market, both globally and more specifically in Asia. In fact, buyersgenerally feel that the CP reductions should have been significantly greater inorder to bring...