Gulf
Butane at a 30-year high of $1,125 a tonne could raise costs for Gulf importers and buyers.
Butane’s Perfect Storm Sends Prices to Decade Highs
In simple terms
Butane prices are rising across the world. Northwest European November butane prices reached $1,125/t by early November, their highest level in 30 years, having exceeded the peaks following Russia's invasion of Ukraine. In Asia, the AFEI butane index stood at $1,180/t on November 3.
Why it matters for the Gulf
- Northwest European butane hit $1,125 a tonne, a 30-year high.
- Asia's AFEI butane index reached $1,180 a tonne on November 3.
- Gulf butane buyers could face higher import costs.
What to watch
Things to watch, not predictions
- Watch whether the AFEI butane index stays above $1,180 a tonne in the next reading.
What we don't know yet
5 claims still need verification.
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How solid is this
1 source5 claims foundnot checked yet