Saudi Aramco and Algeria's National Oil Company Lower July LPG Prices

```htmlGolden Ten Data reported on July 1 that traders on Wednesday said, due to increased supply in global markets, Saudi Arabian Oil Company (Saudi Aramco) reduced the official selling prices (OSP) of liquefied petroleum gas (LPG) for July by 24% to 27%, while Algerian National Oil Company (Sonatrach) lowered prices by 2% to 10%. For Saudi Aramco's July official prices, propane was reduced by $180/ton to $580/ton; butane was reduced by $220/ton to $600/ton. Propane and butane are two types of LPG with different boiling points. Sonatrach lowered its July official propane price by $57/ton to $518/ton; the official butane price was reduced by $10/ton to $600/ton.```