VOL. XLI

No. 23

8-June-1998

SAUDI ARABIA

Saudi Aramco Lowers LPG Export Prices Amid Drop In Domestic Petrochemical Demand

Aramco has cut its June contract prices for propane and butane by $10/ton in the faceof deteriorating market conditions and a reduction in feedstock demand from within theKingdom's domestic petrochemical sector. After a dearth of spot traded cargoes in May,producers in Qatar, Abu Dhabi and Kuwait increased their tendering activity significantlyduring the June trading window....