Traders said on Wednesday that rising global supply prompted Aramco to cut July
liquefied petroleum gas (LPG) official selling prices (OSPs) by about 24–27%.
Aramco lowered propane OSP by $180/ton to $580/ton and butane OSP by $220/ton to
$600/ton. Algeria’s Sonatrach trimmed July LPG OSPs about 2–10%, with propane
down $57/ton to $518/ton and butane down $10/ton to $600/ton.