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PADD 3 Boosting Naphtha Flows to Asia

OIL PRODUCTS

Consistently high clean product exports from PADD 3 has been good news for European countries who imported a five year high of diesel from PADD 3 in 2023 according to Vortexa as they adjusted to life without Russian supply.

  • West Africa imported gasoline from PADD 3 in July 2023 through January 2024.
  • Most recently, Vortexa has seen a rise in naphtha exports from PADD 3 hitting 23 month highs, with volumes pointed to Asia seeing nearly a doubling m/m in February 1-20, likely due to logistical constraints to move Russian naphtha through the Red Sea.

Source: Vortexa

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