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Naphtha crack falls, gasoline below $11/bbl

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Published21 MAY 25 - 10:55 Reading time  minutes

“Naphtha east-west spread has jumped, lifting July arbitrage prospects”, Sparta’ analyst Jorge Molinero said in a note.

Reuters, May 26, 2025 – Sparta Commodities’ analyst Jorge Molinero commented on the naphtha market, noting that the East-West spread has surged, boosting July arbitrage prospects. Meanwhile, gasoline margins eased slightly, and traders are focused on Pertamina’s gasoline term tenders, which exclude Singapore-origin cargoes in favor of supplies from the U.S. and Middle East.

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