Commodity market report
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57 Pages

Spain downstream oil long-term outlook 2016

Spain downstream oil long-term outlook 2016

Report summary

Oil demand in Spain is expected to continue its recovery over the next few years, mostly in transport fuels, before gradually declining over the longer term as the mature economy stabilises and oil intensity declines. A number of important Spanish refinery investment projects were completed in recent years, aimed at addressing Iberia's structural middle distillate deficit and fuel oil surplus by boosting diesel yields. Repsol, BP and Galp reduced their retail networks in 2015 whereas Cepsa, the hypermarkets and cooperatives expanded. 

What's included?

This report includes 1 file(s)

  • Spain downstream oil long-term outlook 2016 PDF - 880.26 KB 57 Pages, 25 Tables, 21 Figures


The long-term outlook for the fuels marketing sector is influenced by many factors: oil product demand, the market structure, key companies and downstream infrastructure developments to name a few.

This long-term outlook report provides a country update of demand trends and an assessment of the key players and assets serving the market.

The report is based on in-depth research about oil product demand, individual market participants and assets and helps downstream operators, traders and financial institutions determine product trading strategies, optimise their assets and identify attractive investment opportunities.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information. Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Executive summary
    • Market drivers
    • Outlook
  • Demand
    • Gasoline
    • Jet kerosene
    • Gas/diesel oil
    • Fuel oil
  • Policy and regulation
    • Regulatory issues
    • Product quality
  • Trade
  • Key companies
    • Structure of the oil products market
    • Company positions in Spain
      • Repsol
      • Cepsa
      • BP
      • Galp
  • Market structure
    • Fuels retailing
      • Volumes
      • Overall network development
      • Discount fuel outlets
      • International oil companies
      • Independent groups
      • Network efficiency
      • Performance pacesetters in the retail market
      • Non-fuel retailing
    • Commercial markets
      • Motor fuels (gasoline and diesel)
      • Industrial/domestic gas oil
      • Aviation kerosene
      • Heavy fuel oil
      • Marine bunkers
      • LPG
      • Lubricants
      • Bitumen
  • Margins
    • Key issues influencing gross fuel margins
    • Key issues influencing net profitability
      • Retail fuels marketing
    • Commercial fuels marketing
    • Marketing gross fuel margins
    • Marketing net profitability
  • Infrastructure
    • Distribution of oil products
    • Oil product storage infrastructure
      • Independent petroleum product storage
    • Crude oil delivery
    • Country crude slate overview
    • Refining overview

In this report there are 46 tables or charts, including:

  • Executive summary
  • Demand
    • 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 by sector
    • Demand forecast (kt)
  • Policy and regulation
  • Trade
    • Trade balance 2009 - 2015
    • Trade: Table 1
    • Gasoline trade
    • Trade: Table 2
    • Jet/Kero trade
    • Trade: Table 3
    • Trade: Image 4
    • Trade: Table 4
    • Trade: Image 5
    • Trade: Table 5
  • Key companies
    • Estimated Oil Products Market Shares - 2015
  • Market structure
    • Retail fuel volumes
    • Network size and structure
    • Retail outlets by brand
    • Retail market shares
    • Network size and throughput per site
    • Network effectiveness ratio: ratio of share of fuel sales to share of sites
    • Commercial diesel volumes
  • Margins
    • Gross fuel margins parameters
    • Main products: monthly unit gross margins 2010 - 2015
    • Main products: annual average unit gross margins - historic and forecast
    • Forecast unit net margins
  • Infrastructure
    • Storage and distribution infrastructure
    • Means of primary distribution
    • CLH shareholders
    • Independent storage facilities
    • Pipeline capacity and ownership
    • Crude input slate - 2015
    • Castellon refinery profile
    • La Coruna refinery profile
    • La Rabida refinery profile
    • Cartagena (Repsol) refinery profile
    • Puertollano refinery profile
    • San Roque refinery profile
    • Somorrostro refinery profile
    • Tarragona (ASESA) refinery profile
    • Tarragona (Repsol) refinery profile
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