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Europe downstream oil month in brief: ExxonMobil and MOL divest fuel retail networks in Italy
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Intervias Group announced the acquisition of 1,176 Esso service stations from ExxonMobil across several regions in Italy. Also in Italy, the MOL Group has sold 46 IES branded service stations to Tamoil Italia. In Turkey, Turkuaz Petrol secured the winning bid for the entire share capital of state-owned Türkiye Petrolleri Petrol Dagitim AS for TL 490 million. Our European benchmark refining margins fell in May, remaining above the five year average. Crack spreads weakened for diesel and gasoline in line with a seasonal dip in demand and refinery maintenance. Average European fuel retail margins recovered in May as declines in wholesale product prices outweighed lower pump prices across most markets. Several countries recorded their lowest average monthly pump prices year-to-date for gasoline and diesel in May.
Table of contents
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Executive summary
- Downstream M&A activity
- Refining and fuels marketing margins
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Margins
- Refining margins
- Fuels marketing margins
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Demand
- Oil products demand in major European markets
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Recent M&A activity
- Recent transactions
- Appendix
Tables and charts
This report includes the following images and tables:
- NWE jet/diesel versus gasoil
- Med jet/diesel versus gasoil
- NWE fuel oil crack spread
- Med fuel oil crack spread
- Italy retail network and average site throughputs
- Italy retail fuel demand outlook
- NWE refining margins
- Med refining margins
- NWE gasoline/gasoil crack spreads
- Med gasoline/gasoil crack spreads
- Month average gross margins - May 2017
- Month average net margins - May 2017
- 6 more item(s)...
What's included
This report contains:
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