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Condensate and Naphtha Service

FGE’s Condensate and Naphtha service dissects and examines the volatile short-term market for condensate, to deliver clear, concise and insightful views on the forward market.

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FGE’s Condensate and Naphtha Service dissects and examines the volatile short-term market for condensate, to deliver clear, concise and insightful views on the forward market.

The East of Suez condensate trading market has been thrust increasingly into the spotlight this year with the looming US sanctions on Iran in November 2018. This has pushed differentials for DFC condensate to highs not seen since early 2016. It has also opened the arb for greater volumes of condensates from the west to flow east. This has come at a time when US condensate production has rebounded.

In our monthly report, we look closely at both condensate supply and demand East of Suez and forecast an Eastern balance. We factor in regular flows from the West, and how much more may be needed based on Eastern requirements.

This year, the relationship between condensate and naphtha has also been closer than usual. The tight condensate market has prompted splitters in Asia to switch to running full-range naphtha. How long will this continue? We discuss the dynamics between both markets and the eventual impact on naphtha prices.

Features & Benefits

  • Leading Fundamental Analysis Up-to-date comprehensive analysis of key fundamental drivers in the global condensate market.
  • Complete Condensate Data Analytics Analysis on key buyers and sellers in the condensate market.
  • Access to Regional Oil Analysts/Consultants Clients of our research, analysis, and data analytics can benefit from having consistent access to technical and/or commercial information about the condensate and naphtha markets.
  • Complete Coverage of the Global Condensate Markets Discussion on new and upcoming condensate streams and likely buyers.
  • Rapid Assessment of Events Utilization of knowledge and experience which allows rapid assessment of current and future condensate and naphtha market happenings.
  • Accurate Price Forecasts Price forecasts for condensate and naphtha benchmarks East of Suez.

Scope of Coverage

  • Data
    • Condensate supply and imports (actuals & forecasts).
    • Naphtha imports and exports to Asia by grade (actuals & forecasts).
    • Short-Term forecasts (12-months) and 12-months history.
    • Prices (actuals & forecasts): Brent, Dubai, CFR Japan Naphtha, NWSC-Brent, Senipah-Brent, LSC-Dubai, DFC-Dubai, SPC-Dubai, DFC-Naphtha, NWSC-Naphtha, Propane-Naphtha, Butane-Naphtha, PX-Naphtha, Ethylene-Naphtha, EF-Dubai, Naphtha Crack vs. Brent, Brent/Dubai.
    • Naphtha imports and exports to Asia (actuals & forecasts).
    • Cracker maintenance schedule.
  • Deliverables
    • Monthly Report providing in-depth analysis of the short-term condensate and naphtha markets.
    • Consulting hours - Alongside the report, clients will have access to 3 hours of free consultation on the driving factors behind the report.
    • Monthly data files which cover country-level export and import numbers for condensate and naphtha for key East of Suez countries, as well as price forecasts.
  • Products Covered
    • Condensate
    • Naphtha
  • Countries Covered
    • Bahrain
    • China
    • Indonesia
    • Japan
    • Malaysia
    • Pakistan
    • Qatar
    • Singapore
    • Taiwan
    • The UAE
    • Bangladesh
    • India
    • Iran
    • Kuwait
    • Oman
    • Philippines
    • Saudi Arabia
    • South Korea
    • Thailand
    • Exporters in West of Suez

This Service Will Add Value To

  • Traders developing both trading and hedging strategies built on detailed fundamental research.
  • National Oil Companies undertaking research on key global trends and making strategic decisions.
  • Producers and marketers keen on getting a condensate demand outlook.
  • Midstream Companies formulating future policy and hedging strategies.
  • Refiners making decisions on feedstock procurement.
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