VOL. XLI
No. 41
12-October-1998
SAUDI ARABIA
Rising Premiums And Output Declines Prompt Rise In SaudiLPG Term Prices For October
Steep premiums in the Mideast spot market allowed Saudi Aramco toincrease its LPG prices by some $25-35/ton for October. As the Kingdom has cut back itscrude oil production to meet output reduction pledges, LPG availability from the countryhas tightened considerably. While Aramco had significant quantities of additional productto sell on spot terms in June, July and...
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