Saudi Aramco and Sonatrach cut OSPs for LPG in August by 5-10%
Saudi Aramco cut its August OSP for propane by $55 per ton to $520 and for butane also by $55 per ton to $490 .
Propane and butane are types of LPG with different boiling points.
LPG is mainly used as a fuel for cars, heating and as a feedstock for other petrochemicals.
Sonatrach's August OSP for propane was stable at $445 per metric ton , while OSP for butane was cut by $20 per ton to $415 per ton .
Aramco's OSPs for LPG are used as a reference for contracts to supply LPG from the Middle East to the Asia-Pacific region.
Sonatrach's OSPs are used as benchmarks for the Mediterranean and Black Sea region, including Turkey.
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