Forward curve of naphtha strengthens in Europe

04-Dec-10
Swaps market in Europe showed naphtha might gain further support due to tight supply into Asia, as per Reuters. The forward curve of naphtha strengthened, and April crack briefly turned positive earlier in the day. The cracks were US$2.20 a barrel for December. Supplies will be reduced from the Middle East because Saudi Aramco is to reduce supplies to Asia by at least 580,000 tons in H1-2011 due to planned maintenance at two of its refineries.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha