Business Standard

Saturday, January 18, 2025 | 10:03 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Why an obscure hydrocarbon may be carrying bad news for the global economy

That product is naphtha, something used to make a vast array of goods while also being integral to churning out gasoline

hydrocarbon policy
Premium

Prejula Prem and Jack Wittels | Bloomberg
An obscure product made by oil refineries has a grim story to tell investors right now about the fortunes of the global economy.

That product is naphtha, something used to make a vast array of goods while also being integral to churning out gasoline. Oil refiners’ margins from making it are the weakest in years in Europe and Asia. Unusually, some petrochemical plants in Asia have even been losing money when processing it.

Signs of weakening manufacturing in China could scarcely have come at a worse time for the market, given a backdrop of surging U.S. shale oil and gas

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in