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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: Europe

Sector: Refining (Energy)
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
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