Japan’s Naphtha Demand and Imports Sees Rare Growth in March
In line with its long-term trend of structural decline, Japan’s total oil demand in March fell by 7.6% m-o-m and 3.7% y-o-y to 3.23 mmb/d. The overall drop in Japan’s petroleum product demand was ledJapan by fuel oil (-30.0%) and gasoil (-4.4%) despite na
Asia naphtha demand fades as petchem firms snap up LPG
Asian petrochemical makers are ramping up purchases of liquefied petroleum gas (LPG) to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter.
USGC naphtha cargoes head to Asia, but rising freight could hit further moves
Several US Gulf Coast naphtha cargoes are headed to Asia this month due to a more workable arbitrage, ...