Daily Energy Report
China’s naphtha imports, Russia product exports, Biden’s Arctic thwart, Russian price cap, India’s OPEC imports, Giant grid batteries, Hydrogen prospects, Houthi pause, US coal hopeful, and more.
January 17, 2024
Chart of the Day: Major Decline in China’s Imports of Naphtha
Summary
Figure (1) shows China's naphtha imports. They increased in the first half of 2024 but declined significantly in the second half, returning to the 5-year average. Why discuss naphtha imports? What is their significance? How do they relate to today's news about Chinese economic growth?
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