Tuesday, July 31, 2012

Asia Oil Swaps-Naphtha timespread rebounds on fresh demand

(For 12-month forward curve, click )
SINGAPORE, July 31 (Reuters) - Naphtha timespreads rebounded
to a one-week high on Tuesday after hitting a more than
three-week low in the previous session because demand emerged
for physical cargoes and gasoline prices firmed in Europe.
Naphtha can be reformed into gasoline.
"New buyers emerged for physical naphtha cargoes and strong
gasoline prices in Europe is supporting sentiment," said a
Singapore-based naphtha swaps trader.
Taiwan's CPC

estuary research vessel monitoring systems slimline oil tanks

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