Traders clamour for Middle East oil amid Russia uncertainty
In under a month, almost all companies in the European Union will be barred from purchasing seaborne cargoes from Russia
Source: moneyweb.co.za
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Oversupply, weak China demand depress Asia naphtha margins to 2008 lows | Hellenic Shipping News Worldwide
An oversupply of naphtha at a time of poor demand has squeezed the product’s Asian margins to their weakest levels since the 2008 global financial crisis, traders and analysts said. As Asian refiners boost output of more lucrative products – gasoline and diesel – to overcome global shortages, they are pumping out more naphtha, which ...
Source: hellenicshippingnews.com