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Commodity Market Report

United Kingdom downstream oil long-term outlook

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31 May 2022

United Kingdom downstream oil long-term outlook

Report summary

Since the closure of the Milford Haven Refinery in 2014, the UK has been a net importer. Structurally, the UK market is surplus in gasoline and deficit in middle distillates. Fully integrated downstream business models have been increasingly replaced with wholesaler-dealer models, driven by the rapid growth of the dealer-owned retail sector. Five large dealer groups now dominate, purchasing sites that oil companies divested. The UK retail fuel market remains highly competitive, characterised by the aggressive price discounting strategies of the hypermarket groups. Diversification of non-fuel marketing is going to be key to the long-term profitability of the UK service station sector.

Table of contents

  • Market drivers
  • Car parc
    • Compulsory Stockholding Obligation
    • Biofuels
    • Retail network development
    • Motorway station network
    • Major players: competitive positions
    • Major players: strategies
    • Hypermarket fuel outlets
    • International oil companies
    • Shell
    • Valero
    • Phillips66
    • Independent groups
    • MFG (Motor Fuel Group)
    • EG Group
    • Non-fuel retailing
    • Motor fuels (gasoline and diesel)
    • Industrial/domestic gas oil and kerosene
    • Aviation kerosene
    • Fuel suppliers to the UK's main airports
    • Heavy fuel oil
    • LPG
    • Lubricants
    • Retail fuels marketing
    • Commercial fuels marketing
    • Primary Distribution
    • United Kingdom Oil Pipelines Ltd (UKOP)
    • Valero Mainline pipeline system
    • ExxonMobil pipeline system
    • Exolum Pipeline System
    • Finaline (Prax Group)
    • Manchester Jetline System (MJL)
    • Grangemouth - Finnart
    • Tranmere Oil Terminal - Stanlow Refinery
    • Secondary distribution
  • Oil product storage infrastructure
    • Midlands
    • North East
    • North West
    • Northern Ireland
    • Scotland
    • South
    • South West
    • Wales

Tables and charts

This report includes 26 images and tables including:

  • Total demand
  • Demand by product
  • Car parc by fuel type
  • Diesel/gasoil demand by sectors
  • Independent storage facilities
  • Percentage UK retail fuel supply by region
  • Biogasoline and biodiesel blending percentages
  • Retail fuel volumes
  • Overall retail network development
  • Service station networks and market shares (by brand)
  • Company-owned service station networks
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Commercial diesel demand
  • LPG infrastructure in the UK
  • Retail gasoline 95RON price formation 2021
  • Retail diesel price formation 2021
  • Retail products: gross margins per year
  • Eastham refinery profile
  • Fawley refinery profile
  • Grangemouth refinery profile
  • Humber refinery profile
  • Lindsey refinery profile
  • Pembroke refinery profile
  • Stanlow refinery profile

What's included

This report contains:

  • Document

    United Kingdom downstream oil long-term outlook

    PDF 2.00 MB