** India’s Oil & Natural Gas Corp (ONGC) cancels tender to sell 30,000 tonnes of naphtha for Sept. 9-10 loading from Hazira unexpectedly, trade sources say
** The reasons behind the cancellation are not clear
** ONGC could not be reached for comments
** The cancellation comes at a time when naphtha fundamentals are strong
** The hurricane season in the U.S. creates concerns over supplies for Asian buyers
** Europe, a naphtha supplier to Asia, could divert its cargoes to Latin America which regularly buys from the U.S.
Reporting by Seng Li Peng