Trump Eyes Broader Oil Sanctions on Iran
The incoming Trump administration is reportedly planning to expand sanctions on Iran’s oil sector, targeting not just crude exports but a wider range of petroleum products. This strategy aims to intensify economic pressure on Tehran by cutting off additional revenue streams. According to sources familiar with the matter, the new measures could include restrictions on […]
Naphtha Prices Drop for 2025 Contracts Due to Weak Demand and Oversupply
Naphtha prices for 2025 contracts have dropped slightly due to weak demand in the petrochemical industry and a supply glut. Several Asian companies, including South Korea’s YNCC, Singapore’s PCS, and Taiwan’s Formosa Petrochemical, have signed contracts for naphtha at lower premiums compared to 2024 prices. This marks a shift in the market as companies are […]
