Insight
Europe downstream oil month in brief: ExxonMobil and MOL divest fuel retail networks in Italy
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Intervias Group announced the acquisition of 1,176 Esso service stations from ExxonMobil across several regions in Italy. Also in Italy, the MOL Group has sold 46 IES branded service stations to Tamoil Italia. In Turkey, Turkuaz Petrol secured the winning bid for the entire share capital of state-owned Türkiye Petrolleri Petrol Dagitim AS for TL 490 million. Our European benchmark refining margins fell in May, remaining above the five year average. Crack spreads weakened for diesel and gasoline in line with a seasonal dip in demand and refinery maintenance. Average European fuel retail margins recovered in May as declines in wholesale product prices outweighed lower pump prices across most markets. Several countries recorded their lowest average monthly pump prices year-to-date for gasoline and diesel in May.
Table of contents
-
Executive summary
- Downstream M&A activity
- Refining and fuels marketing margins
-
Margins
- Refining margins
- Fuels marketing margins
-
Demand
- Oil products demand in major European markets
-
Recent M&A activity
- Recent transactions
- Appendix
Tables and charts
This report includes the following images and tables:
-
NWE jet/diesel versus gasoilMed jet/diesel versus gasoilNWE fuel oil crack spread
-
Med fuel oil crack spreadItaly retail network and average site throughputsItaly retail fuel demand outlookNWE refining marginsMed refining marginsNWE gasoline/gasoil crack spreadsMed gasoline/gasoil crack spreadsMonth average gross margins - May 2017Month average net margins - May 2017
- 6 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
Europe downstream oil month in brief: Spanish fuel retailer DISA acquires high-volume network from GESA Carburantes
DISA becomes Spain's largest independent fuel retailer after acquiring 30 high-volume service stations from GESA Carburantes
$900
Insight
Europe downstream oil month in brief: OMV divests Turkey downstream business
OMV divests its standalone marketing business in Turkey. Refining margins remain strong and marketing margins were broadly flat on average.
$900
Insight
ExxonMobil accelerates the sale of its retail sites in Italy: Europe downstream oil month in brief January 2017
ExxonMobil continues site divestments in Italy. Refining margins remained strong but marketing margins saw a sharp downturn.
$900
