Naphtha hits a record high

Wong, Kawai; Brice, Andy
May 2007
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p31
Trade Publication
The article reveals the factors behind the upward trend in European naphtha prices. Global supply has been cut since November 2006, when the Organization of Petroleum Operating Countries (OPEC) announced its first crude production cut. India also had an effect, reducing overall exports to neighbouring countries. Another factor was growing demand in China. In addition to these exports, the gasoline market has also played its part in keeping prices high in Europe.


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