VOL. XLI

No. 02

12 January 1998

SAUDI ARABIA

Spot Market Unfazed As Aramco Drops LPG Contract Prices$35-58/Ton For January

In any normal winter market, price cuts such as were forthcomingfrom Saudi Aramco for LPG contract sales in January would have met with kudos all around.As it was, however, Aramco's decision to cut its January term prices by a decisive $35/tonfor butane and an even steeper $58/ton for propane failed to elicit much enthusiasm frombeleaguered contract customers. Nor did they...