No. 27

7 July 1997


Aramco Leaves LPG Prices Unchanged For July As Market Sentiment Turns Bearish

The momentum seen in the Mideast LPG market recently appeared to have all but fizzledout by the end of last month, prompting Saudi Aramco to leave its contract pricesunchanged for July. Prices relative to CP, which had been hovering at or near parity withthe Saudi benchmark throughout May and into early June, have subsequently reversed courseand discounts for spot product are...