Insight
Regulatory clouds darken a bright outlook for refining
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Since the dizzy heights of 2015, refining margins have remained strong but for how much longer will this continue? Although post 2020 annual refinery capacity additions are forecast to return to historic levels, balancing annual oil demand growth, regulatory clouds on the horizon could overshadow an otherwise bright future for the refining industry. Of particular note are ever more stringent passenger car fuel efficiency requirements and a drive to decarbonise the transport sector. What remains uncertain is how long it will take for the effects to be felt.
Table of contents
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Regulatory clouds darken a bright outlook for refining
- How long can this picture of rude health be sustained?
- Fuel efficiency and urban air quality
- Decarbonisation
- A silver lining?
- Conclusions
Tables and charts
This report includes the following images and tables:
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Annual change in refined product demand vs. total CDU capacity change
What's included
This report contains:
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