Middle East Economic Survey


No 14


Saudi Aramco Reduces Propane Price For April, Butane Unchanged

Saudi Aramco and Kuwait Petroleum Corporation (KPC) on 31 March announced their April LPG prices, cutting the price of propane by $5/ton to $725/ton and leaving the price of butane for April unchanged at $715/ton. Although the swaps prices rose to nearly meet the announced propane price in the last couple of days, the market expectation for most of March was that the propane...