Downstream oil in brief: is it all doom and gloom for diesel?

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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.

Table of contents

Tables and charts

This report includes 12 images and tables including:

  • EU passenger car sales, 2015 - 2030
  • Change in EU road fuel sales by segment
  • Road diesel demand forecast, Europe, million b/d
  • NWE refining margins
  • MED refining margins
  • NWE gasoline/gasoil crack spreads
  • Med gasoline/gasoil crack spreads
  • Gross retail marketing margins September 2019
  • Netherlands gasoline gross marketing margins
  • Belgium gasoline gross marketing margins
  • Netherlands diesel gross marketing margins
  • Belgium diesel gross marketing margins

What's included

This report contains:

  • Document

    Refining Margins.xls

    XLS 331.00 KB

  • Document

    Downstream oil in brief: is it all doom and gloom for diesel?

    PDF 990.58 KB