Commodity market report
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11 Pages

Europe downstream oil short-term outlook May 2016

Europe downstream oil short-term outlook May 2016

Report summary

Gross refining margins for North West Europe and Mediterranean mainly strengthened in April. Wholesale gasoline prices increased by an impressive 21% whereas wholesale diesel prices increased by 4%. Gross margins across different markets were determined by the degree of how much the pump prices changes followed the wholesale price changes. Gasoline marketing margins declined across all markets surveyed whereas the margins for diesel was mixed across the markets surveyed.

What's included?

This report includes 2 file(s)

  • Europe downstream oil short-term outlook May 2016 PDF - 381.81 KB 11 Pages, 5 Tables, 8 Figures
  • Refining Margins May 2016.xls XLS - 279.00 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
    • Recent transactions

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 - April 2016
    • Month average net margins - April 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
    • Key companies: Table 1
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