Crisis-hit European Refiners to Export Gasoline to the US East Coast after US Refinery Closures Create Shortage

Date: March 31, 2012
Pages: 6
Price:
US$ 500.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: C92ABE7F210EN
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Crisis-hit European Refiners to Export Gasoline to the US East Coast after US Refinery Closures Create Shortage
Crisis-hit European Refiners to Export Gasoline to the US East Coast after US Refinery Closures Create Shortage

Summary

The upcoming seasonal surge in gasoline demand in the US East Coast is expected to bring some relief to the crisis-hit European refining industry. The European refiners look to supply gasoline to the US East Coast market, where a supply shortfall is expected due to recent refinery closures. The US East Coast has seen closure of about 22% of its total refining capacity since September 2011. Furthermore, another refinery in the region is expected to be idled in July this year, taking about 40% of the regional refining capacity offline. The prospects of supplying the gasoline shortfall in East Coast from the Gulf Coast region are also limited due to infrastructure constraints. Therefore, the East Coast region will have to depend on gasoline supplies from the international market in order to meet the seasonal surge in demand.

Scope
  • Provides a view of the European refining industry
  • Drivers of the European Refining industry
  • Factors hindering the growth of the refining industry
  • The main countries that would contribute to this growth

Reasons to buy
  • Develop a sound understanding about the European refining industry.
  • Emphasis is given on growth opportunities and factors affects the growth of the European Refining industry

Keywords

US East Coast, refining, pipelines, ConocoPhillips, Petroplus, Euro zone, debt crisis, Canada, the UK, Virgin Islands, Netherlands, Spain and France
1 TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 SUMMARY

3 CRISIS-HIT EUROPEAN REFINERS TO EXPORT GASOLINE TO THE US EAST COAST AFTER US REFINERY CLOSURES CREATE SHORTAGE

3.1 Difficult Economic Environment Triggered Widespread Refinery Closures in Europe
3.2 About 40% of the Refinery Capacity in the US East Coast is on the Verge of Being Idle
3.3 European Refiners to Supply Gasoline to the US East Coast Amidst Poor Outlook for Domestic Demand

4 APPENDIX

4.1 Methodology
4.2 Contact Us
4.3 Disclaimer

LIST OF TABLES

Table 1: Major Restructuring in European Refining Industry, 2011 – February 2012
Table 2: The US East Coast, Refineries Closed/ Planned to be Closed, 2011 – March 2012

LIST OF FIGURES

Figure 1: Europe, Petroleum Products Demand and Refinery Utilization, MMbpd and %, Q1 2011 – Q4 2011
Figure 2: Europe, Refining Margins, $/bbl, September 2011 – December 2011
Figure 3: The US East Coast, Gasoline Imports* from Country of Origin, Thousand Barrels per day, 2007 – 2010

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Crisis-hit European Refiners to Export Gasoline to the US East Coast after US Refinery Closures Create Shortage
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