Commodity Market Report

Italy downstream oil long-term outlook

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02 May 2019

Italy downstream oil long-term outlook

Report summary

Over the past decade the Italian economy has struggled with austerity measures, structural reforms and high excise tax rates on oil products. This has all served to weaken oil demand, falling by nearly 30% over the period. Despite a number of refinery closures and conversions, the market continues to be oversupplied. National refiner Eni remains the retail market leader. Its position is underpinned by control of a greater proportion of the oil supply infrastructure. Many of the international majors have exited the market in recent years and the arrival of the EG Group could lead to a more developed non-fuel sector. The market is characterised by a high density of retail fuel outlets with lower throughputs than the European average. Italy has not seen the widespread entry of the hypermarkets into the fuel retail market. This has kept retail prices high and protected the independent 'white pump' operators from being priced out of the market.

Table of contents

  • Market drivers
  • Outlook
  • Gasoline
  • Jet kerosene
  • Diesel/gasoil
  • Fuel oil
  • Regulatory issues
  • Product quality
    • Volumes
    • Overall network development
    • International oil companies
    • Eni
    • Esso (ExxonMobil)
    • Q8 (Kuwait Petroleum)
    • TotalERG
    • Tamoil
    • LUKOIL
    • Others
    • Independent groups
    • GRS Petroli
    • Api (Anonima Petroli Italiana)
    • Retitalia
    • Hypermarket fuel outlets
    • Network efficiency
    • Performance pacesetters in the retail market
    • Non-fuel retailing
    • Motor fuels (gasoline/diesel)
    • Industrial/domestic gasoil
    • Aviation kerosene
    • Heavy fuel oil
    • LPG
    • Lubricants
    • Bitumen
    • Retail fuels marketing
    • Annual average unit gross margins
    • Marketing net profitability
    • SIGEMI pipeline system
    • SARPOM pipeline network
    • ENI pipeline network
    • Independent petroleum product storage
  • Crude oil delivery
  • Country crude slate overview
  • Refining overview

Tables and charts

This report includes 42 images and tables including:

  • Key demand indicators
  • Total demand
  • Annual demand change
  • Demand by product
  • Demand by sector
  • Car parc by fuel type
  • Gas/diesel oil demand by sector
  • Fuel oil demand by sector
  • Demand forecast (kt)
  • Excise duty
  • Trade balance 2011 - 2017
  • Key trading countries/regions 2017
  • Gasoline - net exporter
  • Diesel/gasoil - net exporter
  • Jet kerosene - net importer
  • Fuel oil - balanced
  • TAL shareholders
  • Crude input slate - 2017
  • Augusta refinery profile
  • Busalla refinery profile
  • Falconara refinery profile
  • Livorno refinery profile
  • Milazzo refinery profile
  • Trecate refinery profile
  • ISAB (Priolo) refinery profile
  • Sannazzaro refinery profile
  • Sarroch refinery profile
  • Taranto refinery profile
  • Retail fuel volumes*
  • Market shares
  • Network size and throughput per site
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel volumes
  • Retail gasoline 95RON E5 price formation 2017
  • Retail diesel B7 price formation 2017
  • Annual gross fuel marketing margins 2011 - 2017
  • Forecast unit net margins
  • Storage and distribution infrastructure

What's included

This report contains:

  • Document

    Italy downstream oil long-term outlook

    PDF 1.22 MB