Insight
| |
7 Pages

European oil product markets: 2015 in review & what to look for in 2016


European oil product markets: 2015 in review & what to look for in 2016

Report summary

We expect 2016 to be another good year for refiners. Crude prices are expected to remain low for most of the year with crude supply remaining in surplus well into H2 2016. However, product demand growth is expected to slow and the surplus of crude stocks will increasingly turn into a surplus of products, with excess middle distillates, in particular, weighing on margins. As a result, margins in 2016 should be slightly lower than in 2015.


What's included?

This report includes 1 file(s)

  • Oil product markets: what to look for in 2016 PDF - 292.54 KB 7 Pages, 0 Tables, 4 Figures

Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

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.

  • Introduction
  • Europe
    • Review of 2015:
      • Crude prices and differentials
      • Gross refining margins
      • Products demand, stocks and trade
      • Crack spreads
      • Refining capacity
        • Cumulative refinery capacity closures and reductions
      • Crude runs
    • Outlook for 2016:
      • Crude prices and differentials
      • Crude runs
      • Product supply/demand/stocks
      • Crack spreads
      • Gross refining margins
        • Refining margin for FCC Brent in NW Europe
      • Refining capacity
    • Other regions
    • Conclusion

In this report there are 4 tables or charts, including:

  • Introduction
    • European oil product markets: 2015 in review & what to look for in 2016: Image 1
  • Europe
    • European oil product markets: 2015 in review & what to look for in 2016: Image 2
    • European oil product markets: 2015 in review & what to look for in 2016: Image 3
    • European oil product markets: 2015 in review & what to look for in 2016: Image 4
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • 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.