Middle East Economic Survey


No 6


Saudi Aramco Reduces Price Of Propane For February, Butane Unchanged

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have reduced by $5/ton the contract price for propane for February to $735/ton, the same price as butane, which remains unchanged from January. Propane swaps increased strongly in the week preceding the contract price announcement, but the February contract price was still about $10/ton above market expectations, Walt Hart,...