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Weekly LPG Mont Belvieu And Nigerian LPG Price Review June 13th 2025
Weekly LPG Mont Belvieu And Nigerian LPG Price Review June 13th 2025
Weekly Mont Belvieu Propane-Butane Price Overview: June 13th, 2025
09/06/2025: Propane $383.4 / Butane $389.9
10/06/2025: Propane $383.6 / Butane $389.6
11/06/2025: Propane $390.8 / Butane $396.9
12/06/2025: Propane $392.9 / Butane $402.0
13/06/2025: Propane $415.5 / Butane $426.0
LPG Prices go bullish
Both Propane and Butane prices finished bullish in response to geopolitical tensions in the Middle East. Prices broke the $400/MT limit for the first time in over three weeks, following the Israeli-Iranian hostilities during the week. Propane closed at a weekly average of $393.2/MT, while Butane settled at $400.9/MT, down from the prior week’s averages of $375.0/MT and $380.7/MT, respectively.
Crude Oil prices jump from Geopolitical Tensions
Crude oil prices were up by more than 8 percent at some point during the week as a result of the ongoing hostilities between Israel and Iran- a situation arising from the recent Negotiations and an independent international report which suggests Iran may be closing in on developing a Nuclear weapon.
WTI closed at $73.28, up from $64.49 in the previous week, while Brent also increased to $74.43 from $66.25.
We also observed that the easing of OPEC+ production cuts and weakening global oil demand did not lead to downward price adjustments as expected.
If the Geopolitical situation persists, we may see oil hitting $80 very quickly.
Nigeria LPG Market: Depot prices remain unchanged.
Depot prices remained stable during the week across Lagos depots. Depot prices in the South-South were also stable, as Stockgap hadn't commenced operations.
Retail Market: Prices dip in May.
Insights from our latest survey indicate a 9.98% decline in retail LPG prices for the month of May.
You can view the full report here: LPG Prices Dropped by 9.98% in May 2025.
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