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Europe downstream oil month in brief: OMV divests Turkey downstream business

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Report summary

OMV has announced the sale of Petrol Olifisi, its standalone fuels marketing business in Turkey to oil trader Vitol, for €1.37 billion, ending several years of speculation as to the future of the business. European refining margins and crack spreads strengthened in February compared to the previous month due to strong global product demand, a number of planned and unplanned refinery outages, as well as bad weather in the Black Sea. Marketing margins were broadly flat on a Europe average basis with increases in France, Germany and the UK being offset by declines elsewhere.

What's included

This report contains

  • Document

    Refining Margins February 2017.xls

    XLS 302.50 KB

  • Document

    Europe downstream oil month in brief: OMV divests Turkey downstream business

    PDF 396.30 KB

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    Europe downstream oil month in brief: OMV divests Turkey downstream business

    ZIP 520.17 KB

Table of contents

Tables and charts

This report includes 17 images and tables including:

Tables

  • Europe downstream oil month in brief: OMV divests Turkey downstream business: Table 1
  • Europe downstream oil month in brief: OMV divests Turkey downstream business: Table 2
  • Europe downstream oil month in brief: OMV divests Turkey downstream business: Table 3
  • Europe downstream oil month in brief: OMV divests Turkey downstream business: Table 4
  • Europe downstream oil month in brief: OMV divests Turkey downstream business: Table 5

Images

  • NWE jet/diesel versus gasoil
  • Med jet/diesel versus gasoil
  • NWE fuel oil crack spread
  • Med fuel oil crack spread
  • NWE refining margins
  • Med refining margins
  • NWE gasoline/gasoil crack spreads
  • Med gasoline/gasoil crack spreads
  • Germany gross marketing margins
  • United Kingdom gross marketing margins
  • France gross marketing margins
  • Italy gross marketing margins

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