VOL. XXXIX

No. 19

5 February 1996

SAUDI ARABIA

Saudi Aramco Leaves LPG Contract Prices Unchanged For February

Responding to what is shaping up to be a very disappointing winter LPG season, Aramco elected last week to keep its February contract prices (CP) unchanged versus January at $205/ton for propane and $188/ton for butane. Aramco's stay-the-course pricing strategy for February comes amid weak market fundamentals which have seen spot prices in the Mideast resale market hovering at...