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Gibson Tanker Market Report


Negative Naphtha
 
Asian naphtha has been going through a challening period recently. The combination of plentiful Russian supply in the East as well as soft petrochemical demand during Q2 has been weighing on Asian naphtha cracks, with refining margins turning negative since June. However, might there be cause for optimisim that cracks could improve in the near future?

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The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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