VOL. XLI
No. 06
9 February 1998
SAUDI ARABIA
Saudi Arabia Reduces LPG Contract Prices For February By $40/Ton
News that Saudi Aramco's contract customers received a $40/ton price cut for sales ofpropane and butane in February was quickly overshadowed by reports that the producer wasoffloading hefty volumes of spot product at rates as low as $110/ton on a fixed pricebasis. That is substantially below Aramco's contract prices, which were set at $140/tonfor both products. While the sales are low...
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