Tagged Posts for Naphtha
Asia’s LPG Cracking to Rise on Lower Prices, Naphtha Supply Risks: OPIS Poll
Asia’s flexible crackers are set to increase LPG cracking volumes in December, driven by a decline in LPG prices and concerns over potential naphtha supply disruptions following U.S. sanctions on Russian oil majors, according to the latest monthly OPIS cracking survey. Read More
Naphtha East-West Spread Widens on Fresh US Sanctions
The naphtha market has rallied with the regional east-west price gap widening to a three-year high, following U.S. sanctions on Russian oil giants Rosneft and Lukoil announced on Wednesday. Read More
China-built US Vessels Exempted from Retaliatory Port Fees
Beijing has eased some of its moves to impose retaliatory fees on American vessels calling at Chinese ports, exempting ships built in China that are U.S.-owned or -operated from paying the special port fees. Read More
China Targets 5% Growth in Petchem Restructuring Drive
China aims to achieve more than 5% growth in the added value of petrochemical output in 2025–2026, as part of broader efforts to restructure the industry amid mounting pressure from oversupply, according to a plan released on Friday. Read More
Asia’s LPG Cracking to Rise in September Despite Trade Tensions: OPIS Poll
Asia’s flexible crackers are set to increase LPG cracking volumes in September, driven by lower prices and ample regional supply, despite renewed trade tensions sparked by new U.S. tariffs across multiple countries, according to the latest monthly OPIS cracking survey. Read More
European Chemical Demand Set to Stay Flat at 2025 Levels
A slew of second quarter 2025 earnings statements from several chemical majors highlights just how parlous the European chemical industry is and how far off any significant recovery appears. Read More
Naphtha Buyers in Asia Shun Russia-Linked Refiner Post-EU Sanctions
Naphtha buyers in Asia are shying away from a Russia-linked refinery’s cargoes following sanctions imposed by the European Union on Friday, while weak market fundamentals have also contributed to the buying apathy, sources said. Read More
OPEC+ Production August Increase Covered by Current Production
On July 5, the eight members of OPEC+—the grouping of the Organization of the Petroleum Exporting Countries (OPEC) and ten other oil exporters—that agreed last December to an additional voluntary cut of 2.2 million barrels/day over a two-year period, announced the final stage of the unwinding of these cuts one year ahead of schedule by agreeing to a production increase of 548,000 b/d effective Aug 1. Read More
Asia’s LPG Cracking to Fall in August on Higher Naphtha Demand: OPIS Poll
Asia’s flexible crackers are set to reduce LPG cracking in August as operators pivot toward naphtha as their primary feedstock and curb run rates, the latest monthly OPIS cracking survey concluded on Monday shows. Read More
China to List Propylene Futures and Options for Trading
The China Securities Regulatory Commission has approved the registration of propylene futures and options on the Zhengzhou Commodity Exchange, in a move that could open the door for petrochemical industry players to hedge against risks and enhance supply chains. Read More
Asia Sees Weak LPG Buying Demand Despite Price Drop
Competition from naphtha, tariff uncertainty and sluggish demand from major importing countries have contributed to weak buying interest in Asia's LPG market despite a sharp price drop following the Israel-Iran ceasefire, market sources said. Read More
Asia’s Oil, Refined Prices Jump on Israel-Iran Conflict
Oil and refined product prices rose in Asia on Friday amid heightened levels of uncertainty following Israel’s attacks on Iran’s nuclear facilities. Read More