Insight
Downstream oil in brief: coronavirus, a test of ingenuity for fuel retailers?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The coronavirus pandemic led to lockdowns in European countries to stop the spread of the disease. As people's movement is restricted all over the continent, fuel retailers are struggling to survive in an extremely challenging environment. While certain companies are closing some of their outlets, others are fighting by diversifying their portfolio. Although many retailers may need to cease their operations during the crisis, those who were able to adapt quickly can become even stronger.
Table of contents
- Drastic measures across Europe
- Independents face threat from discounters
- Border closures prevent tank tourism
- Non-fuel provides some relief
- Summary
- Global refining margins receive support from deeper refinery run cuts due to weak demand
- European gross fuel margins decrease as retail prices fall as savings are passed onto the consumer
Tables and charts
This report includes the following images and tables:
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NWE refining marginsMED refining marginsNWE diesel / jet crack spreads
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MED fuel oil crack spreadsSpain gasoline gross retail marginItaly gross gasoline retail marginSpain gross diesel retail marginItaly diesel gross retail margin
What's included
This report contains:
