Fewer spot parcels from Middle East on shutdown of both ADNOC condensate splitters in October

The region will see reduced naphtha supplies from the Middle East in October on shutdown of both of Abu Dhabi National Oil Co (ADNOC) ‘s 140,000 bpd condensate splitters. This will result in naphtha production loss from the Middle East and help in easing the recent abundant spot supplies from the Gulf. One of the two splitters will be idled for about a month, and the other will be taken offline for about 10 days. ADNOC was forced to sell over 200,000 tons of spot naphtha from Ruwais for August loading after its term customers dropped their contracts or reduced their term volumes citing high premiums.
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