Commodity market report

Norway downstream oil long-term outlook 2016

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Report summary

Oil product supply from Norway’s two refineries exceeds domestic demand, making Norway a large net exporter of refined oil products and setting inland market prices at export parity. Norway’s oil products market is highly-concentrated, with the top four companies supplying over 85% of demand. Shell sold its fuels marketing businesses to St1 in 2015 and Circle K sold its aviation fuel supply division to Air BP in 2014. Demand for the major transport fuels in Norway is expected to decline over the longer-term, as engine efficiency gains and electric car penetration continues to erode gasoline and diesel use in this mature economy.

What's included

This report contains

  • Document

    Norway downstream oil long-term outlook 2016

    PDF 878.99 KB

  • Document

    Executive summary

    PDF 79.52 KB

  • Document


    PDF 132.72 KB

  • Document

    Policy and regulation

    PDF 79.02 KB

  • Document


    PDF 121.40 KB

  • Document

    Market structure

    PDF 177.88 KB

  • Document


    PDF 130.09 KB

  • Document


    PDF 499.14 KB

Table of contents

Tables and charts

This report includes 28 images and tables including:


  • Total demand
  • Annual demand change
  • Demand: Image 3
  • Demand by sector
  • Trade balance 2009 - 2015
  • Storage and distribution infrastructure
  • Car parc by fuel type
  • Gasoil and diesel demand by sector
  • Fuel oil demand by sector
  • Means of primary distribution
  • Retail fuel volumes
  • Network size and throughput per site
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel volumes
  • Margins: Image 1
  • Norway crude slate


  • Key demand indicators
  • Demand forecast (kt)
  • Trade: Table 1
  • Gross fuel margins parameters
  • Pipeline capacity and ownership
  • Mongstad refinery profile
  • Slagen refinery profile
  • Network size and structure
  • Market structure: Table 2
  • Market shares
  • Main products: annual average unit gross margin
  • Margins: Table 3

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