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Europe downstream oil month in brief: OMV divests Turkey downstream business
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
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Executive summary
- Downstream M&A activity
- Refining and fuels marketing margins
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Margins
- Refining margins
- Fuels marketing margins
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Demand
- Oil products demand in major European markets
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Recent M&A activity
- Recent transactions
- Appendix
Tables and charts
This report includes the following images and tables:
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NWE jet/diesel versus gasoilMed jet/diesel versus gasoilNWE fuel oil crack spread
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Med fuel oil crack spreadEurope downstream oil month in brief: OMV divests Turkey downstream business: Table 1NWE refining marginsMed refining marginsNWE gasoline/gasoil crack spreadsMed gasoline/gasoil crack spreadsEurope downstream oil month in brief: OMV divests Turkey downstream business: Table 2Europe downstream oil month in brief: OMV divests Turkey downstream business: Table 3Germany gross marketing margins
- 5 more item(s)...
What's included
This report contains:
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