CFR Japan naphtha-Brent crack nears 3-month high on tighter supply

The CFR Japan naphtha physical crack spread against front-month ICE Brent crude futures hit a near three-month high of $95.48/mt at the Feb. 10 Asian close, widening $7.55/mt week over week, Platts data from S&P Global Energy show. The spread was last wider at $99.25/mt on Nov. 14, 2025. Tighter naphtha supplies in March, particularly during the second-half March delivery cycle, have pushedThe CFR Japan naphtha physical crack spread against front-month ICE Brent crude futures hit a near three-month high of $95.48/mt at the Feb. 10 Asian close, widening $7.55/mt week over week, Platts data from S&P Global Energy show. The spread was last wider at $99.25/mt on Nov. 14, 2025. Tighter naphtha supplies in March, particularly during the second-half March delivery cycle, have pushedRead More