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Russian Product Ban Tightening European Naphtha Market

OIL PRODUCTS

Europe is showing heavy naphtha tightness after the Russian oil product ban Feb 5 according to Energy Aspects.

  • The tightness is expected to support prompt European naphtha values in March.
  • US naphtha could help to fill Europe’s naphtha gap Energy Aspects said.
  • Russian naphtha flows are heading to Latin America, North Africa, Turkey, the Middle East and Asia since the ban.
  • “We still expect tightness to emerge once demand for heavy naphtha as reformer feed rises when summer gasoline blending kicks in” Energy Aspects said.

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