Saudi Aramco’s November OSP decreased by $20 per metric ton to $475 per ton for propane and by $15 per ton to $460 per ton for butane.
Propane and butane are types of LPG with different boiling points. LPG is mainly used as fuel for cars, heating and as a feedstock for other petrochemicals.
Sonatrach decreased its November OSP for propane by $15 per ton to $455 and left butane at $465 a ton .
Aramco’s OSPs are used as a reference for contracts to supply LPG from the Middle East to the Asia-Pacific region.
Sonatrach’s OSPs are used as benchmarks for the Mediterranean and Black Sea region, including Turkey.
Reporting by Reuters; Editing by Kirsten Donovan – Reuters
This article was originally posted at sweetcrudereports.com
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