Algeria Tops Naftha Suppliers to Europe
Europe experienced a significant increase in its imports of naphtha extracted from oil during July, reaching 1.74 million tons, an increase of 39.2% compared to June. Algeria topped the list of suppliers with the highest volume since May 2025, with imports amounting to 397,400 tons, followed by Italy with 264,700 tons, Spain with 212,300 tons, and the United States with 160,800 tons. This rise resulted from changes in shipping routes due to the Strait of Hormuz crisis, increased demand for naphtha in the chemical industries—especially for gasoline production—and rising gasoline prices in Europe caused by the Middle East crisis.
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