Middle East Economic Survey


No 32


Saudi Aramco Reduces LPG Prices For August

Saudi Aramco on 31 July announced a reduction for its August LPG contract prices to customers, cutting propane by $40/ton to $575.00/ton and butane by $30/ton to $595.00/ton. These contract prices were lower than expected by the market, as August swaps values for propane were about $10 to $15 per ton higher in the days leading up to the announcement, Walt Hart, Senior Consultant at Houston-based...