NO. 6

11 NOVEMBER 1991

Oil Prices

Samarec Raises November LPG Prices

Saudi Arabia's Samarec has notified its LPG customers of a 6.6% increase inthe November prices of propane and butane to $145.10/ton and $143.11/tonrespectively from the October price of $136.12/ton for propane and $134.25/tonfor butane. Saudi LPG prices are linked to the BTU value of Arabian Light crudefor Far East destinations in the preceding month, in accordance witht the LPGprice formula adopted in November 1989....