specialist energy trade media; tracks Saudi pricing alongside OPEC+ policy
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OilPrice.com · Global · Brent crude falls to $67.74 as OPEC+ implements fourth consecutive output increase
OilPrice.com reports that Saudi Aramco cut its July LPG prices alongside the OPEC+ output increase: propane to $580/ton (down $180) and butane to $600/ton (down $220). The cuts reflect both the general crude price decline and a surplus in global LPG supply as US and Australian LNG exports have expanded. The piece notes a July 5 OPEC+ ministerial compliance review that will determine whether the group accelerates or pauses the hike schedule for August.
“Saudi Aramco cut July propane to $580/ton (down $180) and butane to $600/ton (down $220) alongside the output increase.”