VOL. XXXIX

No. 41

8 July 1996

SAUDI ARABIA

Saudi Aramco Reduces LPG Contract Prices A Modest $5-10/ton For July

It may be July and the height of the traditionally weak summer LPG season, but Saudi Aramco's latest contract prices hardly reflect a slack market. A confluence of factors including a surprisingly resilient spot resale market and supply-side cutbacks emanating from the shutdown of the Kingdom's 'Uthmaniyah gas processing plant last month allowed Aramco to keep up the momentum...