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Latest Analysis / Short-term Global Oil Service

Asian Oil Weekly - Product Cracks See Downward Correction Amid Ample Supplies

Published: 29 May, 2020

Highlights:

  • CRUDE: The rally in crude prices came to a halt this week.
  • NAPHTHA: The re-opening of economies and a surge in China’s downstream petchem operations lifted ethylene-naphtha spreads. Cracker turnaround plans and higher naphtha inflows from the Middle East will continue to weigh on Asian ...

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