Backwardation Fails to Discourage Storage

Middle East export disruptions, soaring gasoline demand and shifting trade flows have reshaped global naphtha markets over the past six months. Join Gary Clark, associate director, price reporting, and Barbara Fernandez-Pita, senior price reporter, as they break down what prompted the multiyear highs in gasoline blending demand for naphtha, the widening East-West arbitrage, propane's growing advantage over naphtha at the steam crackers and the Rhine logistics issues disrupting Europe's petrochemical sector.