The Crude Report APAC Series: Condensate & Naphtha
Argus Media13 Okt 2025

The Crude Report APAC Series: Condensate & Naphtha

This episode unpacks how South Korea’s aggressive condensate buying and Russian export disruptions have reshaped Asia’s light ends market. We explore the ripple effects on pricing, trade flows, and regional supply, as well as the impact of Middle East refinery turnarounds. With premiums surging and availability tightening, we look ahead to Q4 and what it means for buyers navigating a volatile condensate and naphtha landscape.

Topics Covered:

• South Korea’s aggressive condensate buying spree

Driven by fears of naphtha shortages, South Korean refiners are snapping up regional condensate and ultra-light crude grades, pushing out traditional buyers like Indonesia’s TPPI.

• Russian export disruptions following the Ust-Luga terminal attack

The late-August drone strike on Novatek’s facility has halted condensate splitter operations, slashing naphtha exports to Asia and tightening regional supply.

• Middle East refinery turnarounds tightening naphtha supply

Planned maintenance at Kuwait’s Mina Abdullah and Saudi Arabia’s Satorp refineries in Q4 is expected to reduce naphtha output, compounding the supply crunch.

• Surging spot premiums across condensate and naphtha markets

Premiums for grades like Ichthys, Cossack, and Kutubu Light have hit multi-year highs, while naphtha cracks and spot premiums have climbed amid tighter availability and shifting trade flows.

Avsnitt(1000)

Fertilizer Matters EP48: Feed Phosphates Market Fundamentals

Fertilizer Matters EP48: Feed Phosphates Market Fundamentals

Hear Argus’ essential analysis of what’s driving the feed phosphate market, the impact of the Middle East conflict – and we also introduce the new Argus MDCP and DCP weekly feed phosphate price assess...

23 Apr 18min

Chemical Conversations: South Korea BTX Rationalisation and Global Impact

Chemical Conversations: South Korea BTX Rationalisation and Global Impact

South Korea’s petrochemical rationalisation programme marks one of the most significant structural shifts in Asia’s BTX (benzene, toluene, xylene) markets.  In discussion with Argus' Senior Aromatics ...

23 Apr 12min

MEPC 84: What’s at stake in global shipping’s decarbonization debate?

MEPC 84: What’s at stake in global shipping’s decarbonization debate?

The International Maritime Organization’s MEPC 84 meeting will set the course for how fast and how far global shipping decarbonizes. From contested carbon pricing to redefining fuel standards, these n...

23 Apr 9min

Strait Talk: Truce or Dare?

Strait Talk: Truce or Dare?

As the Hormuz conflict enters week nine, Argus experts provide on‑the‑ground Middle East insight into unfolding geopolitical developments and their impact on global energy markets. With the ceasefire ...

23 Apr 26min

Driving Discussions: Turbulence Ahead - The Jet Fuel Supply Crisis

Driving Discussions: Turbulence Ahead - The Jet Fuel Supply Crisis

In this episode, our experts, Oliver Thompson (Jet Fuel Analyst), Amaar Khan (Jet Fuel Reporter) and Yawen Lu (Associate Editor) discuss the most severe shock the jet fuel market has ever faced. Tri...

23 Apr 30min

Hablando de Mercado: Alza de combustibles y transición energética

Hablando de Mercado: Alza de combustibles y transición energética

El aumento vertiginoso de los precios de los combustibles debido a la guerra en Medio Oriente se convirtió en un factor clave en las discusiones sobre la transición energética. Con las economías globa...

22 Apr 8min

Market Talks: Fuel price surge and energy transition

Market Talks: Fuel price surge and energy transition

Soaring fuel prices due to the war in the Middle East became a key factor in energy transition discussions. With global economies rattled by supply disruptions, authorities gathering in Colombia hope ...

22 Apr 7min

Falando de Mercado: Alta dos combustíveis e transição energética

Falando de Mercado: Alta dos combustíveis e transição energética

A disparada dos preços dos combustíveis devido à guerra no Oriente Médio se tornou um fator essencial nas discussões sobre transição energética. Com as economias globais abaladas por interrupções no f...

22 Apr 8min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
svd-tech-brief
badfluence
rss-svart-marknad
uppgang-och-fall
bathina-en-podcast
avanzapodden
tabberaset
rss-inga-dumma-fragor-om-pengar
24fragor
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
rss-dagen-med-di
kapitalet-en-podd-om-ekonomi
borsmorgon
fill-or-kill
rss-veckans-trade
lastbilspodden