Commodity Market Report

Spain downstream oil long-term outlook

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18 February 2020

Spain downstream oil long-term outlook

Report summary

Oil demand in Spain is forecast to enter into gradual decline beyond 2020. Market leaders Repsol and Cepsa will defend their fuels marketing positions, although the competitive landscape could change if regulators impose more restrictions on them. An additional threat is posed by low-cost fuel retailers, such as hypermarkets and automated site operators, but this depends on their ability to expand. Although margins are some of the highest in Europe, weakening demand and increased environmental legislation are driving the market leaders to improve their non-fuel retail offerings. There has been a rise in partnerships with big-name convenience retailers such as Carrefour and El Corte Ingles.

Table of contents

  • Market drivers
  • Outlook
  • Regulatory issues
  • Energy transition
  • Product quality
  • Gasoline
  • Diesel/gasoil
  • Jet kerosene
  • Fuel oil
  • Overall position - net exporter
    • International oil companies
    • Repsol
    • Cepsa
    • BP
    • Galp
    • Independent groups
    • Discount fuel outlets
    • Automats
    • Cooperatives
    • Hypermarkets
    • Performance pacesetters in the retail market
    • Non-fuel retailing
    • Motor fuels (gasoline and diesel)
    • Industrial/domestic gas oil
    • Aviation kerosene
    • Heavy fuel oil
    • Marine bunkers
    • LPG
    • Lubricants
    • Bitumen
    • Retail fuels marketing
    • Distribution of oil products
    • Oil product storage infrastructure
    • Independent petroleum product storage
    • Crude oil delivery
    • Pipeline capacity and ownership
    • Country crude slate overview

Tables and charts

This report includes 40 images and tables including:

  • Key demand indicators
  • Total demand
  • Annual demand change
  • Demand by product
  • Demand by sector
  • Spain retail fuel volumes
  • Car parc by fuel type
  • Gas/diesel oil demand by sector
  • Fuel oil by sector
  • Demand forecast (kt)
  • Trade balance
  • Key trading partners
  • Gasoline trade
  • Jet/Kero trade
  • Diesel/Gasoil trade
  • Fuel oil trade
  • Network size and throughput per site
  • Retail outlets by brand
  • Retail market shares
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel volumes
  • Gasoline retail price breakdown
  • Diesel reatil price breakdown
  • Main products: monthly unit gross margins
  • Annual average unit gross margins
  • Annual average unit net margins
  • Storage and distribution infrastructure
  • CLH shareholders
  • CLH storage facilities
  • Independent storage facilities
  • Crude input slate
  • Castellon refinery profile
  • Tarragona refinery profile

What's included

This report contains:

  • Document

    Spain downstream oil long-term outlook

    PDF 1.74 MB