Commodity Market Report

Norway downstream oil long-term outlook

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15 October 2019

Norway downstream oil long-term outlook

Report summary

Oil product supply from Norway’s two refineries exceeds domestic demand, making Norway net exporter of refined product. The local retail fuels market is highly-concentrated, with the top four companies supplying over 90% of demand. There are no longer any integrated refining and fuels marketing players in Norway since ExxonMobil sold its retail network. Competition for volumes will get tighter as demand for road transportation fuels has entered structural decline. Going forward there will even greater emphasis on forecourt diversification through the expansion of non-fuel services at full-service stations. At unmanned sites, there will be an increased drive to offer the most aggressive price discounting and streamline the supply value chain.

Table of contents

  • Market drivers
  • Outlook
  • Gasoline
  • Diesel/gasoil
  • Jet/kerosene
  • Fuel oil
    • Excise duty and tax
    • Biofuels
    • Stockholding
  • Product quality
  • Overall position: net exporter
    • International oil majors
    • St1
    • Esso (DCC)
    • Independent and supermarket groups
    • Circle K
    • Uno-X
    • Best
    • Network efficiency
    • Performance pacesetters in the retail market
    • Non-fuel retailing
    • Motor fuels
    • Industrial/commercial gas oil
    • Aviation kerosene
    • Heavy fuel oil
    • Marine bunkers
    • LPG
    • Lubricants
    • Bitumen
  • Fuels marketing margins
  • Distribution of oil products
    • Independent petroleum product storage
    • Country crude slate overview
  • Refining overview

Tables and charts

This report includes 27 images and tables including:

  • Key demand indicators
  • Total demand
  • Annual demand change
  • Demand by product
  • Demand by sector
  • Car parc by fuel type
  • Gasoil and diesel demand by sector
  • Fuel oil demand by sector
  • Demand forecast (kt)
  • Trade balance 2012 - 2018
  • Gasoline - net exporter
  • Jet - balanced
  • Diesel/gasoil - net exporter
  • Fuel oil - net exporter
  • Retail fuel volumes
  • Main products: monthly unit gross margins
  • Main products: annual average unit gross margin
  • Storage and distribution infrastructure
  • Mongstad refinery profile
  • Slagen refinery profile
  • Network size and throughput per site
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel volumes
  • Norway crude slate

What's included

This report contains:

  • Document

    Norway downstream oil long-term outlook

    PDF 1.46 MB