Asia set to see big increase in naphtha supply

SINGAPORE: Asia is estimated to receive about two million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research.

That would be an increase in the arbitrage flows to Asia from December, which were about 1.5 million tonnes, Refinitiv data showed a two-month low. Strong prices in Asia are pulling in more shipments from Russia, the Netherlands, Norway, and Mediterranean countries such as Algeria, Egypt and Greece, according to the data.