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27/03/2025 14:36 AST
Saudi Aramco kept the April's official selling prices for propane and butane unchanged from the previous month, according to a statement released on Thursday.
The prices are set at $615 per tonne for propane and $605 per tonne for butane.
Both propane and butane are types of liquefied petroleum gas, commonly used for heating, vehicle fuel, and as feedstock in the petrochemical industry. Although similar, these gases have different boiling points, making them suitable for a range of specific applications.
Aramco's OSPs for LPG serve as important benchmarks for contracts supplying these products from the Middle East to the Asia-Pacific region.
Propane demand typically peaks in the winter months, as it is a key source of home heating, and this seasonal increase often drives up prices.
The fluctuations in price are a direct reflection of supply and demand dynamics.
Last month, the Saudi company slashed OSP for propane by $20 per tonne while butane prices were dropped by $20 to $605 a tonne.
Arab News
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
25/03/2025
Energy giant Saudi Aramco sees China as one of its key global investment destinations, with ongoing efforts to explore further opportunities across the power generation, chemicals, and technology sec
Arab News
21/03/2025
Saudi Aramco has unveiled the Kingdom's first direct air capture test unit, marking a significant milestone in its mission to reduce emissions and advance carbon capture technology for a sustainable
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ABAR | 145.00 | 1.00 (0.69 |
| ADNOCGAS | 3.20 | -0.07 (-2.15 |
| ADNOCDRILL | 5.14 | -0.12 (-2.29 |
| BAHRI | 31.55 | 0.15 (0.47 |
| ADES | 16.32 | -0.04 (-0.25 |
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
28/03/2025
Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita
The Peninsula
28/03/2025
Sabic, a global leader in diversified chemicals, today (Martch 27) reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)'s Annual Confer
Trade Arabia
28/03/2025
AD Ports, a leading facilitator of global trade, logistics, and industry, has announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to de
Trade Arabia
28/03/2025
Modon Holding, an Abu Dhabi-based holding company, and Elsewedy Industrial Development, one of Egypt's leading integrated industrial and logistics cities developers, have signed a letter of intent (L
Trade Arabia
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