Naphtha Cushions China’s Q2 Oil Demand Decline
China’s oil demand dropped significantly during the second quarter of 2025, but robust naphtha consumption helped soften the blow—especially for petrochemical producers and refiners. Oil demand slipped by 450,000 barrels per day (bpd) in Q2 2025 compared to the same period in 2024, largely due to weak gasoline and diesel margins amid softer demand Naphtha […]