The IMO regulation to lower sulphur levels in shipping fuel by 2020 will provide European refiners equipped with deeper refining capabilities a much larger market for lower sulphur distillate fuel. With margins expected to tighten in the next two years, this will offer a major boost to refiners from 2020.
Russia's natural gas pipeline expansion plans into Europe will continue to face political hurdles, with EU sanctions expected to be rolled over, delaying progress on the Nord Stream II pipeline beyond its targeted 2019 start up.
Strong trade growth, a solid consumer outlook and comparatively low prices will support CEE fuels growth over the coming three years, marginally counterbalancing our more bearish outlook for Western Europe.
A member of our Client Services team will be in touch soon to arrange a convenient time for a free demonstration of the service. If your enquiry is urgent, please email our team here.
Thanks, BMI Research