23 Hrs
Source:
عين ليبيا
Aramco and Sonatrach boost gas prices
Saudi Aramco and Sonatrach, the major petroleum companies of Saudi Arabia and Algeria respectively, have announced their official selling prices for liquefied petroleum gas (LPG) for September, amid rising global demand for fuels used in energy, transportation, and industry. Aramco increased the price of propane by $5 per ton to $625, and butane by $20 to $660. Conversely, Sonatrach raised its prices even more, boosting propane by $20 to $560, and butane by $40 to $610. These increases are important indicators for energy markets, as Aramco's prices serve as a key benchmark for Asian markets, while Sonatrach's prices are typically referenced in European and Middle Eastern markets. The impact of these adjustments extends beyond local markets to regional and international arenas, especially given the significance of propane and butane in heating, cooking, and petrochemical industries.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)