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Due to UK Bank Holidays, we will not be publishing our Alpha, Naphtha or Gasoline Reports this week. They will be published as usual from the week beginning 13th April.

Bears Back to Work

NWE naphtha crack weakens in downtrend; funds and refiners add longs, but curve spreads still pressured.
Published: February 16, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
17 page report
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The naphtha market struggled with thin liquidity over the International Energy Week in London.

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