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....
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