APPEC closes with a bullish tone in naphtha markets

Commentary summary:

• Prompt E/W spread prints above $35/mt, keeping the arb gates open to the EoS.

• MOPJ cracks flip positive for Sep and Oct contracts.

• Strike from Israel into Qatar injects geopolitical premium into light ends.

• Reports of Dangote’s RFCC restart delay support European gas-nap.

APPEC has come to an end, and with that, it is time to reflect on the various conversations we have been able to share in Singapore over these past days.

Philip Jones-Lux is Senior Analyst for Sparta. Having worked with organisations such as JBC Energy and RP Global, Philip is a seasoned energy market analyst with expertise across the oil barrel and power markets

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