Friday, July 15, 2011

German naphtha demand in 2011 above five-year moving average

German demand for naphtha in 2011 has been consistently above the moving average for the past five years, an International Energy Agency reported, as per Platts. The five year moving averages for Januuary to May 2011 were within a 365,000-440,000 bpd range, whereas monthly demand for naphtha into Germany between January and May this year has not fallen below 450,000 bpd.

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