Insight
Low oil prices: an opportunity to downsize Downstream?
This report is currently unavailable
Report summary
The refining segment supported the earnings of integrated majors during the recent decline in oil price. In a low oil price environment, the capability of European integrated majors to withstand losses from their Downstream sector is materially impaired, which could prompt the rationalisation of weak, stand-alone refining assets.
Table of contents
- Role of Downstream
- Changing Upstream Positions
Tables and charts
This report includes 4 images and tables including:
- Figure 1: Historical Brent FCC Gross Refining Margins
- Figure 2: European 2013 Net Cash Margin Profile (US$/bbl)
- Figure 3: Refinery Quartile position of European Integrated Majors
- Figure 4: Brent price required to maintain current net debt levels 2015 – 2016
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Germany retail fuels long-term outlook
A declining outlook and low retail fuel margins will force fuel retailers to continue to diversify beyond liquid fuels.
$6,750
Insight
Global Upstream Update: our favourite slides and topics – March 2024
Key themes: innovating to reduce risk, focusing on new projects, overcoming growth roadblocks
$1,350
Insight
Class of 2024: benchmarking this year's upstream FIDs
We benchmark the major oil and gas projects seeking FID in 2024 on economic and emission metrics.
$6,750
