NO. 2


Oil Prices

Saudi Aramco Shifts To New LPG Contract Prices

Saudi Aramco's October LPG contract prices - $126/ton for propane and$134/ton for butane - seem to be more or less in line with the rumored pricesfor two LPG spot tenders for October liftings (MEES, 19 September). Up toSeptember 1994, LPG prices were adjusted monthly in line with the crude-linkedterm formula based on the BTU value of Arab Light which came into effect inJanuary 1992. Under the new system,...