Search downstream oil refining reports

Gain an integrated understanding of the long-term development of petroleum markets with asset, country and regional level insights across oil, NGLs and refining.

Featured reports

Discover the insight you need to make better strategic decisions.

  • Insight

    Could RFS exemptions trigger a RIN price collapse?

    • 11 April 2018

    Recent RFS exemptions could have an outsized impact on RIN pricing.

    $900.00

    Summary

    Under the Renewable Fuels Standard (RFS), for non-exported transport fuels (diesel and gasoline), US refiners are required to blend in renewable fuels or purchase Renewable Identification Numbers (RINs) from blenders/other. These RINs are ultimately used to prove a refinery's RFS compliance. In response to high profile refinery complaints over the last year, the Environmental Protection Agency (EPA) has granted RFS waivers to a number of "small refineries," relieving these facilities from their obligation to purchase RINs. What impact will these exemptions have on RIN pricing? How many exemptions will it take to structurally effect the price of RINs? If the EPA exempts a significant amount of small refineries, could this precipitate a RIN price collapse?

    What's included

    • Document

      Could RFS exemptions trigger a RIN price collapse.pdf

      PDF 780.96 KB

  • Insight

    Europe downstream oil in brief: another super-dealer is born as MFG and MRH announce merger

    • 19 April 2018

    Motor Fuel Group (MFG) intends to acquire the UK's largest independent forecourt operator for £1.2 billion

    $900.00

    Summary

    In the the latest deal furthering consolidation in the UK fuel market, the Motor Fuel Group (MFG) announced its intention to acquire MRH, the country's largest independent forecourt operator, for £1.2 billion. If approved, this merger will create the UK's largest fuel retailer by site ownership with over 900 service stations under multiple brands. The deal would also see MFG rising to the second largest fuel retailer by volume, with combined sales of approximately 3.6 billion litres in 2017. The network operates at an average fuel throughput per site of around 4 million litres a year - in line with the UK average. But much of the value in this deal lies beyond the fuel pump. Our North West Europe Brent FCC gross refining margin fell sharply in March, driven by weak gasoline spreads, whereas Med Urals FCC gross refining margins remained flat. Retail fuel margins were stronger for gasoline in March, whereas diesel margins came under pressure from higher wholesale product prices.

    What's included

    • Document

      Europe downstream oil in brief: another super-dealer is born as MFG and MRH announce merger

      PDF 387.55 KB

  • Insight

    Thailand's 2018 bidding round: old fields, new terms

    • 27 April 2018

    Same same blocks, but different terms: Thailand launches bidding round for G1/61 and G2/61 offshore blocks under new PSC terms.

    $1,350.00

    Summary

    Thailand's Department of Mineral Fuels launched the bidding round for the G1/61 and G2/61 offshore blocks. These blocks cover the producing Erawan and Bongkot gas developments, operated by Chevron and PTTEP respectively. Producing a combined 2.2 bcf per day, these blocks account for 70% of Thailand's domestic gas production, but the existing concessions are set to expire in 2022 and 2023. The blocks are being offered under a Production Sharing Contract regime – the first time Thailand has offered this type of contract.

    What's included

    • Document

      Appendix -Thailand bidding round.xls

      XLS 319.00 KB

    • Document

      Thailand's 2018 bidding round: old fields, new terms

      PDF 360.32 KB

    • Document

      Thailand's 2018 bidding round: old fields, new terms

      ZIP 413.50 KB

  • Insight

    Large integrated crude-to-chemicals sites in China – the next mega-trend

    • 18 April 2018

    With high margin uplift, these sites take refinery and chemicals integration to new heights. What are the implications for both sectors?

    $900.00

    Summary

    A quest to meet a higher chemicals demand and feedstock security are behind this new wave of crude-to-chemicals sites in China. These sites take refinery and chemical integration to new heights, with high output of chemicals as the main value generator. These projects produce large amounts of co-products, gasoline and diesel, which will exert significant influence on the fuels market. These large and competitive projects increase the threat of closures for weaker standalone refineries.

    What's included

    • Document

      Large integrated crude-to-chemicals sites in China Apr 2018.pdf

      PDF 1.51 MB