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...