European drivers who are already experiencing substantial pain at the pump are about to get even more unhappy as the market for naphtha, a key ingredient in gasoline, tightens amid EU sanctions on Russia. According to a Bloomberg report, as a result of the sanctions, exports of naphtha from Russia to Europe have shrunk considerably since the start of the year, while demand is expected to increase as summer season begins and petrochemical plants restart after seasonal maintenance.
“Ultimately, there is some risk from a Russian shortfall in…European Drivers Face Further Gasoline Squeeze
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