European gasoline-naphtha spread at 2-month low due to higher naphtha prices

The discount of European naphtha to its gasoline equivalent shrank to its lowest level in more than two months on the back of higher flat prices for naphtha. Platts, part of S&P Global Commodity Insights, assessed the front-month CIF NWE naphtha swap discount to the equivalent gasoline swap at $94.50/mt as of Feb. 15, down $11.75/mt on the day and…