ONGC offers naphtha for August loading

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• Brisk naphtha demand in Asia amid tighter supplies

• Slowing global economic growth pulls down oil prices to near US$85 a barrel in Asia

• India’s BPCL sells August naphtha cargo at US$26/ton premium – an 85% increase

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• Asia sees naphtha demand strengthening amid lower stocks

• RIL renews quarterly contract with Qatar to buy 50,000 tons of GTL naphtha for August-October

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