Commodity market report
| |
10 Pages

Europe downstream oil short-term outlook March 2016

Europe downstream oil short-term outlook March 2016

Report summary

All gross refining margins for North West Europe weakened in February primarily due to weaker gasoline but still remained higher than the five year average. Wholesale gasoline prices decreased by 8% whereas wholesale diesel prices increased by 7% recovering from lower levels in January. Gross margins across different markets were determined by the degree of how much the pump prices changes followed the wholesale price changes. Gross marketing margins picture was mixed for gasoline. Diesel margins decreased across all the markets reviewed.

What's included?

This report includes 2 file(s)

  • Europe downstream oil short-term outlook March 2016 PDF - 378.02 KB 10 Pages, 5 Tables, 8 Figures
  • Refining Margins March 2016.xls XLS - 276.00 KB


The downstream short-term outlook for the fuels marketing sector is influenced by many factors: oil product demand and supply, the market structure and the dynamic relationship between wholesale and retail pump prices for refined oil products in various markets.

This Europe downstream short-term outlook report provides an update of demand trends, refining margins, fuels marketing margins and recent European fuels marketing transactions.

The report is based on in-depth research about oil product demand, prices, margins and assets in various European markets and helps downstream operators, traders and financial institutions determine product trading strategies, benchmark their assets and identify attractive investment opportunities.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information. Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Executive summary
    • Refining Margins
    • Marketing Margins
  • Margins
    • Refining margins
    • Marketing margins
  • Demand
    • Commentary
  • Key companies

In this report there are 13 tables or charts, including:

  • Executive summary
  • Margins
    • Jet/diesel versus gas oil
    • Fuel oil crack spread
    • Month average refining margins
    • Month average gross margins - February 2016
    • Month average net margins - February 2016
    • Germany gross marketing margins
    • United Kingdom gross marketing margins
    • Spain gross marketing margins
    • Italy gross marketing margins
  • Demand
    • Oil products demand in major European markets
    • EU passenger car registrations 2014 - 2016
    • Germany heating oil stocks, percent fill rate
  • Key companies
    • Recent transactions
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.