Dateline City:
HOUSTON
Driven in part by shale energy production, global oversupply of light naphtha to continue through 2020
HOUSTON--(BUSINESS WIRE)--Global production of light naphtha, an essential steam-cracker feedstock for the production of gasoline and numerous chemicals, is increasing and could create a global surplus that exceeds market demand by as much as 14 million metric tons (MMT) by 2020.
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IHS Inc.
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