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Naphtha Prices Bolstered by Ust-Luga Attack

OIL PRODUCTS

Drone attacks on Novatek’s Ust-Luga plant in Russia have supported naphtha prices to their highest level in three months.

  • Prompt prices for naphtha delivered to North Asia increased to more than $670/ton following the attacks according to Bloomberg.
  • ~215k bbls/day of naphtha were shipped monthly from Ust-Luga port last year according to Kpler figures.

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