Naphtha in a Bind: Tight Supply Meets Downstream Constraints

The US-Iran conflict that began in late February and the closure of the Strait of Hormuz pushed Asian naphtha prices to four-year highs in March, underscoring the region’s vulnerability to Middle East supply disruptions. However, tighter supply seen in the third quarter has not provided the same support to naphtha margins as in the initial […] The post Naphtha in a Bind: Tight Supply Meets Downstream Constraints appeared first on Dow Jones .