Naphtha cracks plunge to their lowest level in about 19 weeks

20-Oct-09
Naphtha cracks fell to US$68.60, their lowest in two and half months from around US$100 last month. This has added pressure to naphtha-rich condensate. The Middle East condensate market has crashed after Qatar sold around 4 million barrels of condensate for December loading at weaker differentials on falling naphtha cracks.
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