• Saudi Aramco has announced a $10 increase in the official selling prices (OSP) for liquefied petroleum gas (LPG) for February, setting propane at $635 per tonne and butane at $625 per tonne. This adjustment reflects seasonal demand trends, particularly for propane, which typically sees higher consumption during winter months for heating purposes. The price changes are significant as Aramco's OSPs serve as benchmarks for LPG contracts in the Asia-Pacific region, influencing pricing strategies across the industry.

• The increase in LPG prices comes amid a broader trend of rising demand for propane and butane, driven by colder weather and increased usage in both domestic and industrial applications. This price adjustment aligns with recent reports indicating a rebound in LPG prices in the U.S. due to similar seasonal demand factors. Additionally, regional refineries have ramped up LPG production, suggesting a shift in focus from gasoline to LPG, which could impact market dynamics and competitive positioning for Aramco and its peers.