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.
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