VOL. XXXVIII

NO. 40

3-JULY-1995

Saudi Arabia

Aramco Cuts LPG Term Contract Prices By $10/Ton

In response to softening market fundamentals, Aramco has lowered its Julyterm LPG contract prices (CP) for the fifth month in a row. Although the $10/tonprice cut still puts Saudi contract prices above spot market rates prevailing inthe Mideast resale market, it is consistent with Aramco's strategy of loweringprices in the traditionally weak summer season enough to keep customer lifting resistanceat bay...