Rates down as arbitrage closes from Middle East
Julian Macqueen - Tuesday 9 February 2010
OWNERS hoping to make the best of any arbitrage opportunity on liquefied petroleum gas cargoes out of the Middle East Gulf to Asia have had their hopes dashed, writes Julian Macqueen .
Saudi Aramco’s monthly contract price for propane and butane was set above expectations, and with low gas prices in Asia owners have little respite from a per...


