Abstract
Europe' s downstream industry is experiencing changes in fuel consumption patterns. Demand for middle distillates is growing faster than any other major refined product. In addition, in Western Europe there has been a strong push for diesel-fueled passenger vehicles driven by fuel prices and taxes. This has also led to gasoline demand in Western Europe falling for the last seven years, producing surpluses of gasoline and blended stocks. In recent years, poor returns have made it unprofitable to invest in upgrading refineries to process different crude oils, which will be necessary as North Sea production declines The European Oil Refining Market Outlook is a new report published by Business Insights that analyzes the current dynamics of the European Refining Sector with a particular focus on the 21 major European countries. This new report details the key trends, analyzes the upgrading capacities of each of the respective countries and examines key issues confronting the industry. Assess the European oil refining market, anticipate future market trends and create successful product strategies with this new report.
Table of Contents
Executive Summary
- European oil demand and pricing
- Refinery analysis
- Industry trends
- Country profiles
Chapter 1 European oil demand and pricing
- Summary
- Introduction
- Oil product consumption by country
- All products
- Gasoline
- Gas/diesel oil
- Fuel oil
- Kerosene
- LPG & Ethane
- Naphtha
- Oil product prices and taxation
- Motor gasoline for industry
- Diesel (road) for industry
- The diesel gasoline tax differential
- Price tourism
Chapter 2 Refinery analysis
- Summary
- Introduction
- Refinery processing trends
- Refinery input
- Refinery output
- Refinery processing gain/loss
- Refining capacity and product demand
- Upgrading by country
- Barriers to exit
- Impact of refining technologies
- Rotterdam spot prices
Chapter 3 Industry trends
- Summary
- Introduction
- Maturing North Sea production assets
- Fluctuating refining margins
- Changing consumption patterns
- Increasing awareness of biofuels
- Tightening environmental legislations
- Shortage of upgrading capacity
- Industry consolidation
Chapter 4 Country Profiles
- Summary
- Introduction
- Austria
- Refinery capacities
- Product sales
- Future developments
- Belgium
- Refinery capacities
- Product sales
- Future developments
- Czech Republic
- Refinery capacities
- Product sales
- Future developments
- Denmark
- Refinery capacities
- Product sales
- Future developments
- Finland
- Refinery capacities
- Product sales
- Future developments
- France
- Refinery capacities
- Product sales
- Future developments
- Germany
- Refinery capacities
- Product sales
- Future developments
- Greece
- Refinery capacities
- Product sales
- Future developments
- Hungary
- Refinery capacities
- Product sales
- Future developments
- Ireland
- Refinery capacities
- Product sales
- Future developments
- Italy
- Refinery capacities
- Product sales
- Future developments
- Netherlands
- Refinery capacities
- Product sales
- Future developments
- Norway
- Refinery capacities
- Product sales
- Future developments
- Poland
- Refinery capacities
- Product sales
- Future developments
- Portugal
- Refinery capacities
- Product sales
- Future developments
- Romania
- Refinery capacities
- Product sales
- Future developments
- Slovakia
- Refinery capacities
- Product sales
- Future developments
- Spain
- Refinery capacities
- Product sales
- Future developments
- Sweden
- Refinery capacities
- Product sales
- Future developments
- Switzerland
- Refinery capacities
- Product sales
- Future developments
- United Kingdom
- Refinery capacities
- Product sales
- Future developments
Index
GLOSSARY
BIBLIOGRAPHY
- Industry/regulatory bodies
- Publications
List of Figures
- Figure 1.1: Consumption of all refined products in Europe, by region and country, 1990-2006
- Figure 1.2: Consumption of gasoline in Europe, by region and country, 1990-2006
- Figure 1.3: Consumption of gas/diesel oil in Europe, by region and country, 1990-2006
- Figure 1.4: Consumption of fuel oil in Europe, by region and country, 1990-2006
- Figure 1.5: Consumption of kerosene in Europe, by region and country, 1990 - 2006
- Figure 1.6: Consumption of LPG and ethane in Europe, by region and country, 1990-2006
- Figure 1.7: Consumption of naphtha in Europe, by region and country, 1990-2006
- Figure 1.8: Taxation and pricing of gasoline, by core country, 2006
- Figure 1.9: Taxation and pricing for diesel, by country, 2004-2006
- Figure 1.10: The diesel gasoline tax differential, 2004-2006
- Figure 1.11: Opportunities for price tourism in Europe, 2006
- Figure 2.12: Crude distillation capacity vs. upgrading ratio, by country, 2006
- Figure 2.13: Rotterdam prices of major oil products ($/tonne), 2000-2006
- Figure 3.14: Refining margins for NW Europe
- Figure 4.15: Oil product consumption in Austria, 2006
- Figure 4.16: Refineries, capacities and upgrading in Belgium, 2006
- Figure 4.17: Oil product consumption in Belgium, 2006
- Figure 4.18: Refineries, capacities and upgrading in Czech Republic, 2006
- Figure 4.19: Oil product consumption in Czech Republic, 2006
- Figure 4.20: Refineries, capacities and upgrading in Denmark, 2006
- Figure 4.21: Oil product consumption in Denmark, 2006
- Figure 4.22: Refineries, capacities and upgrading in Finland, 2006
- Figure 4.23: Oil product consumption in Finland, 2006
- Figure 4.24: Refineries, capacities and upgrading in France, 2006
- Figure 4.25: Oil product consumption in France, 2006
- Figure 4.26: Refineries, capacities and upgrading in Germany, 2006
- Figure 4.27: Oil product consumption in Germany, 2006
- Figure 4.28: Refineries, capacities and upgrading in Greece, 2006
- Figure 4.29: Oil product consumption in Greece, 2006
- Figure 4.30: Oil product consumption in Hungary, 2006
- Figure 4.31: Oil product consumption in Ireland, 2006
- Figure 4.32: Refineries, capacities and upgrading in Italy, 2006
- Figure 4.33: Oil product consumption in Italy, 2006
- Figure 4.34: Refineries, capacities and upgrading in the Netherlands, 2006
- Figure 4.35: Oil product consumption in the Netherlands, 2006
- Figure 4.36: Refineries, capacities and upgrading in Norway, 2006
- Figure 4.37: Oil product consumption in Norway, 2006
- Figure 4.38: Refineries, capacities and upgrading in Poland, 2006
- Figure 4.39: Oil product consumption in Poland, 2006
- Figure 4.40: Oil product consumption in Portugal, 2006
- Figure 4.41: Refineries, capacities and upgrading in Romania, 2006
- Figure 4.42: Oil product consumption in Slovakia, 2006
- Figure 4.43: Refineries, capacities and upgrading in Spain, 2006
- Figure 4.44: Oil product consumption in Spain, 2006
- Figure 4.45: Refineries, capacities and upgrading in Sweden, 2006
- Figure 4.46: Oil product consumption in Sweden, 2006
- Figure 4.47: Refineries, capacities and upgrading in Switzerland, 2006
- Figure 4.48: Oil product consumption in Switzerland, 2006
- Figure 4.49: Refineries, capacities and upgrading in United Kingdom, 2006
- Figure 4.50: Oil product consumption in United Kingdom, 2006
List of Tables
- Table 1.1: Consumption of all refined oil products in Europe, by region and country, 1990-2006
- Table 1.2: Consumption of gasoline in Europe, by region and country, 1990-2006
- Table 1.3: Consumption of gas/diesel oil in Europe, by region and country, 2004-2006
- Table 1.4: Consumption of fuel oil in Europe, by region and country, 2004-2006
- Table 1.5: Consumption of kerosene in Europe, by region and country, 2004-2006
- Table 1.6: Consumption of LPG and ethane in Europe, by region and country, 2004-2006
- Table 1.7: Consumption of naphtha in Europe, by region and country, 2004-2006
- Table 1.8: Taxation and pricing for motor gasoline, by country, 2004-2006
- Table 1.9: Taxation and pricing for diesel, by country, 2004-2006
- Table 1.10: The diesel gasoline differential, 2004-2006
- Table 2.11: Refinery input, by country (tonnes m), 1990-2006
- Table 2.12: Refinery output by country (tonnes m), 1990-2006
- Table 2.13: Crude distillation capacity vs. upgrading ratio, by country, 2006
- Table 2.14: Rotterdam prices of major oil products, (US$/tonne), 2000-2006
- Table 3.15: Biodiesel production, by country (m tonnes), 2005
- Table 3.16: Bioethanol production, by country (m gallons), 2005
- Table 4.17: Refineries, capacities and upgrading in Austria, 2006
- Table 4.18: Oil product consumption in Austria (m tonnes), 1990-2006
- Table 4.19: Refineries, capacities and upgrading in Austria, 2006
- Table 4.20: Oil product consumption in Belgium (m tonnes), 1990-2006
- Table 4.21: Refineries, capacities and upgrading in Czech Republic, 2006
- Table 4.22: Oil product consumption in Czech Republic (m tonnes), 1990-2006
- Table 4.23: Refineries, capacities and upgrading in Denmark, 2006
- Table 4.24: Oil product consumption in Denmark (m tonnes), 1990-2006
- Table 4.25: Refineries, capacities and upgrading in Finland, 2006
- Table 4.26: Oil product consumption in Finland (m tonnes), 1990-2006
- Table 4.27: Refineries, capacities and upgrading in France, 2006
- Table 4.28: Oil product consumption in France (m tonnes), 1990-2006
- Table 4.29: Refineries, capacities and upgrading in Germany, 2006
- Table 4.30: Oil product consumption in Germany (m tonnes), 1990-2006
- Table 4.31: Refineries, capacities and upgrading in Greece, 2006
- Table 4.32: Oil product consumption in Greece (m tonnes), 1990-2006
- Table 4.33: Refineries, capacities and upgrading in Hungary, 2006
- Table 4.34: Oil product consumption in Hungary (m tonnes), 1990-2006
- Table 4.35: Refineries, capacities and upgrading in Ireland, 2006
- Table 4.36: Oil product consumption in Ireland (m tonnes), 1990-2006
- Table 4.37: Refineries, capacities and upgrading in Italy, 2006
- Table 4.38: Oil product consumption in Italy (m tonnes), 1990-2006
- Table 4.39: Refineries, capacities and upgrading in the Netherlands, 2006
- Table 4.40: Oil product consumption in the Netherlands (m tonnes), 1990-2006
- Table 4.41: Refineries, capacities and upgrading in Norway, 2006
- Table 4.42: Oil product consumption in Norway (m tonnes), 1990-2006
- Table 4.43: Refineries, capacities and upgrading in Poland, 2006
- Table 4.44: Oil product consumption in Poland (m tonnes), 1990-2006
- Table 4.45: Refineries, capacities and upgrading in Portugal, 2006
- Table 4.46: Oil product consumption in Portugal (m tonnes), 1990-2006
- Table 4.47: Refineries, capacities and upgrading in Romania, 2006
- Table 4.48: Oil product consumption in Romania (m tonnes), 1992-2004
- Table 4.49: Refineries, capacities and upgrading in Slovakia, 2006
- Table 4.50: Oil product consumption in Slovakia (m tonnes), 1990-2006
- Table 4.51: Refineries, capacities and upgrading in Spain, 2006
- Table 4.52: Oil product consumption in Spain (m tonnes), 1990-2006
- Table 4.53: Refineries, capacities and upgrading in Sweden, 2006
- Table 4.54: Oil product consumption in Sweden (m tonnes), 1990-2006
- Table 4.55: Refineries, capacities and upgrading in Switzerland, 2006
- Table 4.56: Oil product consumption in Switzerland (m tonnes), 1990-2006
- Table 4.57: Refineries, capacities and upgrading in the United Kingdom, 2006
- Table 4.58: Oil product consumption in United Kingdom (m tonnes), 1990-2006
