Reuters
01 Jun 2026, 10:26 UTC · 2h ago
Source · https://www.reuters.com/business/energy/saudi-aramco-raises-lpg-osps-by-up-3-june-sonatrach-cuts-prices-by-18-31-2026-06-01/
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Algeria's Sonatrach has cut liquefied petroleum gas (LPG) selling prices by 18% to 31% for June. — Deep price cuts typically signal an oversupply condition and put downward pressure on global LPG benchmarks.
-0.60There is currently higher LPG supply available in the Mediterranean market. — Increased regional supply availability contributes to the bearish pricing trend seen in the Mediterranean basin.
-0.40Saudi Aramco has increased official LPG selling prices by 1% to 3% for June. — A modest price hike by the world's largest producer provides some support for prices, but is outweighed by the larger cuts from Algeria.
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The company has increased its official selling prices for LPG.
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