Asia Naphtha/Gasoline-Naphtha crack inches up, gasoline falls
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Asia’s naphtha refining profit margin increased slightly to $85.45 per metric ton over Brent crude, supported by hopes of strong demand from China. However, lower demand from steam cracking units in the region may keep margins under pressure. In contrast, the gasoline crack fell to $6.20 per barrel over Brent crude. Oil prices rebounded amid renewed threats from U.S. President Donald Trump against Iran, raising supply disruption concerns. Europe is projected to import a record amount of liquefied natural gas this year, according to the International Energy Agency.
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