Saudi Aramco Boosts LPG Prices To Record - From $560 To $640/Ton For Propane, $580 - $665 For Butane

SAUDI ARABIA. Saudi Aramco, the world's largest state oil company, boosted prices of liquefied petroleum gas to a record in October in line with higher crude oil costs as demand increased from China and Japan.

The Dhahran, Saudi Arabia-based company increased propane prices sharply for cargoes loading in October to US$640 a metric ton from US$560 a ton in September and raised butane prices to US$665 a ton from US$580 a ton, said a company official, asking not to be identified because of company rules.

Crude oil in New York touched US$83.90 a barrel on 20 September, the highest since futures started in 1983.

Japanese and Chinese importers are seeking additional LPG cargoes to build up inventories of the fuel partly used for heating before the Northern Hemisphere Winter. Inventories in the US are meanwhile 15% lower than last year, according to data from the US Department of Energy.

EDIT

http://www.bi-me.com/main.php?id=13678&t=1&c=33&cg=4

Unfortunately it will be made from coal.