NO. 36

5 JUNE 1995

Oil/LPG Prices

Saudi Aramco Lowers June LPG Term Prices A Modest $3-5/Ton

Saudi Aramco surprised no one last week when it dropped its June term LPGcontract prices (CP) by a modest $3-5/ton versus May. Once again, Aramco's CPassessments appear to have been derived without much assistance from thecompany's spot market tenders. Indeed, it is not clear whether the producerended up awarding either of the two tenders it issued last month for Juneloading. There is general...