VOL. XXXIX

No. 15

8 January 1996

SAUDI ARABIA

Aramco Ups January Contract Price For Propane $10/Ton, Butane Unchanged

Despite a sluggish Mideast resale market which has seen prices for December and January loadings hovering some $4- 5/ton under official Saudi prices in recent weeks, a sharp upturn in the Northwest Europe propane market in late December gave Aramco just the excuse it was looking for to bump up its propane contract price (CP) for January by some $10 to $205/ton. The CP...