Insight
Downstream oil in brief: CLH to buy 15 terminals in a bid to diversify
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Spanish fuel logistics company CLH has announced that it will buy 15 terminals from Inter Pipeline. The deal sees it expand into two new markets and will enable CLH to store a wider range of liquid products. The move will ensure that the company is better positioned in the face of the energy transition. Additionally, the strategic location of some of the major hubs acquired could provide some uplift should given the current weakness in the European refining sector, which could lead to greater reliance on trade to meet demand as a result.
Table of contents
- Diversification away from transport fuels
- Acquiring strategically located assets
- Summary
- Refining margins turn positive for the first time since April as gasoline cracks strengthen
- Marketing margins remain particularly high for diesel as wholesale costs due to oversupply in Europe and a fall in oil prices
Tables and charts
This report includes the following images and tables:
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NWE refining marginsNWE gasoline/gasoil crack spreadsMED refining margins
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MED gasoline/gasoil crack spreadsGermany gasoline gross retail marginGermany diesel gross retail marginUK gasoline gross retail marginUK diesel gross retail margin
What's included
This report contains:
