VOL. XL
No. 45
10 November 1997
SAUDI ARABIA
Aramco Raises LPG Prices $12-20/Ton For November, Resists Attempts To Push LevelsHigher
Given the spot tender results, Saudi Aramco acted with considerable restraint when itraised its November LPG contract prices by only $12/ton for butane and $20/ton forpropane. Bidding on Aramco's three spot tenders for November was particularly fierceduring the October trading window, convincing market participants that much higher pricerises were in the offing....
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