Fast-growing independent European downstream player, Varo Energy, leads the way in a buoyant M&A year-end, including a fuel retail acquisition and an oil storage divestment - both in the Netherlands. The company is also in advanced stages of a deal to acquire Shell's 37.5% stake in the German Schwedt refinery. Our Brent and Urals benchmark refining margins for Europe were relatively flat in November, although still near the top of the five year range. Wholesale gasoline and diesel prices declined sharply in November, supporting stronger month average retail fuel margins across Europe, particularly in the United Kingdom.
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Varo Energy leads buoyant M&A year-end: Europe downstream oil month in brief December 2016 PDF - 374.32 KB 8 Pages, 5 Tables, 12 Figures
The downstream short-term outlook for the fuels marketing sector is influenced by many factors: oil product demand and supply, the market structure and the dynamic relationship between wholesale and retail pump prices for refined oil products in various markets.
This Europe downstream short-term outlook report provides an update of demand trends, refining margins, fuels marketing margins and recent European fuels marketing transactions.
The report is based on in-depth research about oil product demand, prices, margins and assets in various European markets and helps downstream operators, traders and financial institutions determine product trading strategies, benchmark their assets and identify attractive investment opportunities.
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Commodity market report | Dec 2016
Varo Energy leads buoyant M&A year-end: Europe downstream oil month in brief December 2016
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