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Europe downstream oil in brief: United Kingdom downstream oil import infrastructure focus

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17 August 2018

Europe downstream oil in brief: United Kingdom downstream oil import infrastructure focus

Report summary

In July 2018, three VLCC vessels were reported to have left Asia destined for NWE and the Mediterranean, each carrying up to 300kt of diesel. With the growing market share of diesel/gasoil imports, net 11.3Mt in 2017, the ability to import larger vessels directly into the UK from the Middle East and Asia will become increasingly attractive. Infrastructure investment in the UK downstream oil sector has focused on increasing the capability to receive and discharge larger vessels, and integration across sites with existing large import capability. This will enable traders to benefit from larger import cargoes of diesel/gasoil from Asia and the Middle East, yet potentially secure UK refined gasoline on CIF based economics. Gross fuel margins decreased in July for gasoline and diesel across most markets. With pump prices already at the highest since 2014 across a number of countries, retailers will be under continued pressure to restrict additional pump price increases.

Table of contents

Tables and charts

This report includes 13 images and tables including:

  • Major import sources of diesel/gasoil to the United Kingdom
  • Diesel/Gasoil imports from the Middle East to North West Europe
  • UK import terminal capacities
  • MED gasoline/gasoil crack spreads
  • MED refining margins
  • NWE gasoline/gasoil crack spreads
  • NWE refining margins
  • Month average gross margins - July 2018
  • United Kingdom gross marketing margins
  • France gross marketing margins
  • Germany gross marketing margins
  • Spain gross marketing margins
  • Recent fuels marketing transactions

What's included

This report contains:

  • Document

    Refining Margins.xls

    XLS 326.50 KB

  • Document

    Europe downstream oil in brief: United Kingdom downstream oil import infrastructure focus

    PDF 941.71 KB

  • Document

    Europe downstream oil in brief: United Kingdom downstream oil import infrastructure focus

    ZIP 999.69 KB

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