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8 Pages

Refining margins - outlook for 2014

Refining margins - outlook for 2014

Report summary

Tough times lay ahead for many refiners. Refining capacity will increase during 2014 whilst demand growth for oil products is limited. We forecast that some refiners will have to cut runs and that there will be further permanent refinery closures in Europe. However, many refiners in the US will continue to enjoy very strong margins due to growing local crude supply.

What's included?

This report includes 1 file(s)

  • Refining margins - outlook for 2014 PDF - 530.82 KB 8 Pages, 0 Tables, 5 Figures


This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Review of refining margins in 2013
    • Benchmark FCC margins in key refining centres
  • Refining capacity changes
  • Crude runs
  • Outlook for the product markets
  • Refinery Margins in 2014

In this report there are 5 tables or charts, including:

  • Review of refining margins in 2013
    • Refining margins - outlook for 2014: Image 1
  • Refining capacity changes
    • Cumulative distillation capacity closures
  • Crude runs
    • Refinery utilisation for key refining centres
  • Outlook for the product markets
    • NWE product crack spreads
    • Refining margins - outlook for 2014: Image 5
  • Refinery Margins in 2014
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