Weak Northwest European gasoline and naphtha fundamentals challenge seasonal expectations

The beginning of spring marks the start of gasoline's seasonal transition from winter into summer specification but the market fundamentals remain under pressure on the prompt. Gary Clark is joined by Dias Kazym and Matthew Tracey-Cook to discuss how weak gasoline fundamentals extended to the European naphtha market, which also faces challenging petrochemical environment despite short-term supply volatility.

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European naphtha backwardation at two-months low on weaker fundamentals (Subscriber content)