Insight
Europe downstream oil in brief: Exxon's Italian balancing act
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Algeria's state-owned oil company Sonatrach has agreed to buy the Augusta refinery in Italy from Esso Italiana, a subsidiary of ExxonMobil. The move helps support Exxon's wider strategy to transition to a more capital efficient model. For Sonatrach, the deal will enable the firm to process domestic Algerian crude to help alleviate the country's oil product deficit. Our North West Europe Brent and Med Urals FCC gross refining margins strengthened in April but remain at the bottom of the seasonal range. Fuels marketing margins continued to be squeezed as crude prices rise.
Table of contents
-
Downstream M&A activity
- Exxon's Italian balancing act represents a wider company drive to a more capital efficient model
- A more balanced outlook
- The bigger picture
-
Margins
- Refining margins
- Fuels marketingmargins
Tables and charts
This report includes the following images and tables:
-
ExxonMobil Europe and Italy* retail networkExxonMobil branded retail networkExxonMobil company-owned retail network
-
MED gasoline/gasoil crack spreadsMED refining marginsNWE gasoline/gasoil crack spreadsNWE refining marginsMonth average gross margins - April 2018United Kingdom gross marketing marginsFrance gross marketing marginsGermany gross marketing marginsSpain gross marketing margins
- 1 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
Europe downstream oil in brief: United Kingdom downstream oil import infrastructure focus
Infrastructure investment in the UK downstream oil sector has focused on increasing the capability to receive and discharge larger vessels
$900
Insight
Europe downstream oil in brief: trade spurs storage investment
Persistent refined product imbalances will continue to drive demand for oil storage and subsequent investment in the sector.
$900
Insight
Europe downstream oil in brief: 2018 in review
Analysing the key themes that have materially impacted European retail fuel marketing during 2018.
$900
