Insight
Downstream oil in brief: is it all doom and gloom for diesel?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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.
Table of contents
- Diesel demand stagnates as consumer behaviour changes
- Changes to maritime fuel regulations to compound diesel woes?
- Increasing pressure to decarbonise
- Refiners going green see the rewards, but for how long?
- Conclusion
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Brent FCC margins weakened as gasoline cracks retreated seasonally despite spot cargo demand from the Middle East
- Margins squeezed asdiesel's average pump price premium decreased for the third consecutive month
Tables and charts
This report includes the following images and tables:
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EU passenger car sales, 2015 - 2030Change in EU road fuel sales by segmentRoad diesel demand forecast, Europe, million b/d
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NWE refining marginsMED refining marginsNWE gasoline/gasoil crack spreadsMed gasoline/gasoil crack spreadsGross retail marketing margins September 2019Netherlands gasoline gross marketing marginsBelgium gasoline gross marketing marginsNetherlands diesel gross marketing marginsBelgium diesel gross marketing margins
What's included
This report contains:
