Commodity Market Report
Norway downstream oil long-term outlook
Report summary
Although Norway has traditionally been a net exporter of oil products, ExxonMobil’s decision to close its refinery in Slagen might somewhat change this position. Norway’s retail fuels market is highly concentrated, with four companies – Circle K, DCC, St1, and Uno-X – supplying approximately 90% of the market. This leads to limited retail fuel price competition supporting healthy gross margins. Vehicle fleet electrification is in rapid pace with EVs representing almost 80% all new car sales in 2022.
Table of contents
- Market drivers
- Outlook
- Car parc
- Gasoline
- Diesel/gasoil
-
Jet/kerosene
- Compulsory stockholding
- Excise duty and tax
- Product quality
- Biofuels
- Electricity
- Hydrogen
- Retail network development
- Major players: competitive position
- Major players: strategies
- Uno-X
- Alimentation Couche-Tard (Circle K)
- St1 (Shell)
- DCC (Esso)
- Best
- Non-fuel retailing
- Motor fuels
- Aviation kerosene
- Lubricants
- Fuels marketing margins
- Commercial fuels
- Retail prices
- Oil product storage infrastructure
- Independent petroleum product storage
Tables and charts
This report includes 14 images and tables including:
- Total demand
- Demand by product
- Car parc by fuel type
- Biogasoline and biodiesel blending percentages
- Retail fuel volumes
- Number of sites and average throughputs
- Network effectiveness ratio: ratio of share of fuel sales to share of sites
- Retail fuel network size and retail fuel market share (2022)
- Commercial diesel volumes
- Annual retail fuel gross margins
- Retail gasoline 95RON price formation (av. 2022)
- Retail diesel price formation (av. 2022)
- Storage and distribution infrastructure
- Mongstad refinery profile
What's included
This report contains:
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