VOL. XL

No. 31

4-August-1997

SAUDI ARABIA

Aramco's Spot Selling Puts Pressure On LPG Prices And Sparks Complaints From TermBuyers

Aramco issued its August LPG prices last week, adjusting its propane contract pricedownward by $3 to $172/ton while leaving the butane CP unchanged at $192/ton. The modestreduction in propane is unlikely to do much to placate the Saudi firm's existing contractcustomers, many of whom are feeling the pinch between high prices for term product andconsiderably lower...