Insight
Europe downstream oil in brief: what Poland's proposed merger means for the downstream value chain
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Following years of speculation, in February 2017 PKN Orlen announced its intention to purchase the State's shareholding in Grupa Lotos. If successful, this move would consolidate the operations of Poland's only two oil refiners. The post-merger company will control 100% of Poland's refining capacity and a 45% share of the retail fuel market. Our North West Europe Brent and Med Urals FCC gross refining margins strengthened in February, supported by strong fuel oil and gasoline crack spreads. Fuels marketing margins benefited from lower wholesale product prices and a stronger euro versus the US dollar.
Table of contents
- Downstream M&A activity
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Margins
- Refining margins
- Fuels marketing margins
Tables and charts
This report includes the following images and tables:
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Market shares of top three players in Poland and neighboursMED gasoline/gasoil crack spreadsMED refining margins
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NWE gasoline/gasoil crack spreadsNWE refining marginsMonth average gross margins - February 2018United Kingdom gross marketing marginsFrance gross marketing marginsGermany gross marketing marginsSpain gross marketing marginsRecent fuels marketing transactions
What's included
This report contains:
