Insight
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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
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