Why are fuel and petrochemical prices outpacing crude – and how long will it last?

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This summer, David Chen, a Chinese national living in Japan, got an unexpected lesson in global industrial supply chains – delivered through a bag of potato chips. When popular Japanese snack brand Calbee replaced its signature colourful packaging with monochrome designs, Chen initially assumed it was a marketing gimmick. “Then news reports explained the switch stemmed from a naphtha supply crunch. I even looked up the word,” Chen said. Naphtha, a flammable liquid processed from crude oil, might...

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