Name: Downstream oil in brief: is it all doom and gloom for diesel?
Brand: Wood Mackenzie
SKU: 118602
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Author: Wood Mackenzie

Insight 18 October 2019

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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We expect to see European demand for diesel continue to be impacted by a combination of declining new diesel passenger car registrations and increasing environmental legislation. It will be further impacted by new marine fuel specification which will push up demand for middle distillates and the price of diesel at the pump. In parallel, we are seeing a rise in demand for biofuels which is backed by EU targets and unsuitability of electrification for the heavy trucking fleet. Those refiners able to switch to producing renewable fuels are seeing profits soar but as competition gets stronger this might be short-lived.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Diesel demand stagnates as consumer behaviour changes
    </li>

<li class="list__item-toggle font-semibold">
        Changes to maritime fuel regulations to compound diesel woes?
    </li>

<li class="list__item-toggle font-semibold">
        Increasing pressure to decarbonise
    </li>

<li class="list__item-toggle font-semibold">
        Refiners going green see the rewards, but for how long?
    </li>

<li class="list__item-toggle font-semibold">
        Conclusion
    </li>

<li class="list__item-toggle">
        <a href="#18383b90-3d00-4b00-88ad-28229d869072" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="18383b90-3d00-4b00-88ad-28229d869072" aria-expanded="false">
            Brent FCC margins weakened as gasoline cracks retreated seasonally despite spot cargo demand from the Middle East
        </a>
        <ul id="18383b90-3d00-4b00-88ad-28229d869072" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Margins squeezed asdiesel's average pump price premium decreased for the third consecutive month
    </li>

</ul>
    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">EU passenger car sales, 2015 - 2030</li><li class="list__item push-quarter--bottom">Change in EU road fuel sales by segment</li><li class="list__item push-quarter--bottom">Road diesel demand forecast, Europe, million b/d</li>
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        <ul class="list list--bullets panel-toggle" id="5b6b638b048e4026957e6b614716645d">
            <li class="list__item push-quarter--bottom">NWE refining margins</li><li class="list__item push-quarter--bottom">MED refining margins</li><li class="list__item push-quarter--bottom">NWE gasoline/gasoil crack spreads</li><li class="list__item push-quarter--bottom">Med gasoline/gasoil crack spreads</li><li class="list__item push-quarter--bottom">Gross retail marketing margins September 2019</li><li class="list__item push-quarter--bottom">Netherlands gasoline gross marketing margins</li><li class="list__item push-quarter--bottom">Belgium gasoline gross marketing margins</li><li class="list__item push-quarter--bottom">Netherlands diesel gross marketing margins</li><li class="list__item push-quarter--bottom">Belgium diesel gross marketing margins</li>
        </ul>
        
    </div>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Refining Margins.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>331.00 KB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Downstream oil in brief: is it all doom and gloom for diesel?</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>990.58 KB</span>
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