Vol. XL

No. 1

6-January-1997

SAUDI ARABIA

Saudi Aramco Raises LPG Prices By $20 To $330/Ton

Given the prevailing tightness in many world LPGmarkets, Saudi Aramco's decision to raise January contract prices by $20/ton to $330/tonfor both propane and butane looks reasonable - even coming on top of a record monthlyincrease of $60/ton to $310/ton in December. In its two January spot sales, Saudi Aramcowas reported to have obtained prices of $349/ton for propane and $358/ton for butane inthe first...