NO. 23

6 MARCH 1995

Saudi Arabia

Aramco's March LPG Price Cuts Leave Buyers Gratified If A Bit Perplexed

After five months of steep price increases, Saudi Aramco's LPG term buyerswere gratified if a bit perplexed by the company's decision last week to lowerits contract price (CP) assessments for March by some $15-18/ton. While theprice cuts were in themselves not entirely unexpected, it had been anticipatedthat they would come about mainly through lower results for Aramco's three...