Middle East Economic Survey


No 36


Saudi Aramco Raises LPG Prices For September

Saudi Aramco on 31 August announced an increase for its September LPG contract prices to customers, raising the price of both propane and butane by $55/ton to $630/ton and $650/B respectively. These prices were in line with recent market expectations, noting that the swaps market had ramped up during the week before the announcement, Walt Hart, Senior Consultant at Houston-based Purvin & Gertz,...