UAE, Kuwait Increase Naphtha Exports to Asia
The United Arab Emirates and Kuwait have boosted naphtha exports to Asia in recent months via ship-to-ship (STS) transfers outside the Strait of Hormuz, helping Asian petrochemical producers to increase output, traders and analysts said.Abu Dhabi National Oil Company (ADNOC) and Kuwait Petroleum Corp (KPC), which accounted for nearly half of Gulf exports before the Iran war, shipped almost 1.6 million metric tons, or about 14 million barrels, of naphtha in August and September…
Sanctioned Naphtha Tanker Enters Venezuelan Waters While Others Reroute
A sanctioned tanker carrying some 300,000 barrels of naphtha from Russia entered Venezuelan waters late on Thursday, while three others also under sanctions either stopped navigation or began redirecting course in the Atlantic Ocean, ship tracking data showed, a sign of last-minute decisions by ship owners amid U.S. President Donald Trump's "blockade" of all oil tankers under sanctions bound for the OPEC country.Trump on Tuesday ordered a "blockade" of all sanctioned oil tankers to and from the South American country…
