STATISTICAL REPORT 2018 Editor: John Cooper Copyright © Fuelseurope
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1 STATISTICAL REPORT 2018 Editor: John Cooper Copyright © FuelsEurope Printed in Belgium - Designed by www.morris-chapman.com STATISTICAL REPORT 2018 Statistical Report 2018 5 Foreword High quality, verified and reliable facts and figures Colour coding aims to help our readers browse are essential to support economic and political effectively through the document. Each colour analysis. For this purpose, FuelsEurope Statistical corresponds to a specific theme making browsing Report 2018 aims at providing a comprehensive between subsections user-friendly. We hope that set of statistics about the refining industry that you will find this Report useful. can be used by all stakeholders. • Oil & Energy This 2018 edition contains the most up-to-date information based on currently available data for • Oil Products the sector. One should however note that some • Prices & Margins of the data is updated every 2 or 4 years. • Refining This includes global energy markets, oil products demand and international trade flows, fuel • Marketing Infrastructures specifications, prices and margins, the integration with the petrochemical sector as well as the environmental performance of the EU refining industry. John Cooper Director General 6 Statistical Report 2018 7% 3% World 5% European Union 33% Oil consumption is measured in million tonnes; other fuels in million tonnes of oil equivalent (Mtoe). WORLD: 28% 13 276 Mtoe Mtoe 5 000 24% 4 500 4 418 4 000 3 732 3 500 3 204 5% 8% 3 000 www.linkedin.com/company/fuelseurope www.twitter.com/FuelsEurope 12% 2 500 37% 2 000 EU:: 15% 1 642 Mtoe 1 500 1 000 910 613 592 24% 500 386 420 238 190 79 136 Unit: Million tonnes and million oil equivalent - Mtoe 0 www.youtube.com/fuelseurope www.fuelseurope.eu Oil Natural Coal Nuclear Hydro Renewables gas energy electricity Oil & Energy - Statistical Report 2018 7 FIG.1 WORLDWIDE ENERGY CONSUMPTION BY FUEL TYPE IN 2016 Source: BP Statistical Review of World Energy 2017 7% 3% World 5% European Union 33% Oil consumption is measured in million tonnes; other fuels in million tonnes of oil equivalent (Mtoe). WORLD: 28% 13 276 Mtoe Mtoe 5 000 24% 4 500 4 418 4 000 3 732 3 500 3 204 5% 8% 3 000 12% 2 500 37% 2 000 EU:: 15% 1 642 Mtoe 1 500 1 000 910 613 592 24% 500 386 420 238 190 79 136 Unit: Million tonnes and million oil equivalent - Mtoe 0 Oil Natural Coal Nuclear Hydro Renewables gas energy electricity Oil, natural gas, and coal remain the dominant source of energy The EU, unlike other major economies, has a higher share of fuelling the global economy (together 85%). Oil remained the nuclear (11.6%), renewables and hydro (13.1%) in its energy mix. main energy source globally. The overall share for renewables, including hydro electricity, remains relatively small (10%). Note: Please note that due to rounding, figures may not add up exactly to 100%. 8 Statistical Report 2018 - Oil & Energy FIG.2 WORLDWIDE ENERGY CONSUMPTION BY REGION IN 2016 Source: BP Statistical Review of World Energy 2017 OIL COAL 24% OTHERS 20% USA 14% OTHERS 10% USA 6% EU-28 3% AFRICA 37.6 266.7 3% JAPAN 24.5 11% INDIA 27.3 2% RUSSIA 67.4 20.9 54.8 7% SOUTH 188.6 AND Total energy 14% EU-28 Total energy 153.3 160.8 CENTRAL 4 418 Mtoe 3 732 Mtoe Unit: Mtoe AMERICA 42.1 34.6 24.4 67.0 199.1 49.3 9% MIDDLE EAST 4% JAPAN 46.5 33.2 3% RUSSIA 89.5 58.4 24.4 5% INDIA 153.8 41.3 51% CHINA 69.9 89.4 13% CHINA 33.5 270.8 21.8 70.7 Global energy consumption grew by 1% in 2016. 42.3 NATURAL GAS EU-28 share of oil (14%) and natural gas (12%) 22.4 consumption remained at the same level. However, 28.9 the EU’s share of coal consumption decreased by 25% OTHERS 22% USA Unit: Million tonnes per year 60.1 1% point (6%). As presented in figure 1, oil (37%) 27.7 and natural gas (24%) remain the main energy source in the EU (61%). Coal is the main energy USA 54.2 source consumed in China and India and together CANADA 5% SOUTH these two countries are responsible for 62% of MEXICO AND global coal consumption. CENTRAL Total energy 12% EU-28 SOUTH AND CENTRAL AMERICA AMERICA 3 204 Mtoe Note: Oil consumption is measured in million EUROPE & EURASIA tonnes; other fuels in million tonnes of oil 14% MIDDLE EAST 3% JAPAN equivalent (Mtoe). MIDDLE EAST Please note that due to rounding, figures AFRICA 1% INDIA may not add up to exactly 100%. ASIA PACIFIC 6% CHINA 11% RUSSIA TRADE FLOWS IN 2015 Oil & Energy - Statistical Report 2018 9 FIG.3 WORLDWIDE CRUDE OIL MOVEMENT IN 2016 Source: BP Statistical Review of World Energy 2017 OIL COAL 24% OTHERS 20% USA 14% OTHERS 10% USA 6% EU-28 3% AFRICA 37.6 266.7 3% JAPAN 24.5 11% INDIA 27.3 2% RUSSIA 67.4 20.9 54.8 7% SOUTH 188.6 AND Total energy 14% EU-28 Total energy 153.3 160.8 CENTRAL 4 418 Mtoe 3 732 Mtoe Unit: Mtoe AMERICA 42.1 34.6 24.4 67.0 199.1 49.3 9% MIDDLE EAST 4% JAPAN 46.5 33.2 3% RUSSIA 89.5 58.4 24.4 5% INDIA 153.8 41.3 51% CHINA 69.9 89.4 13% CHINA 33.5 270.8 21.8 70.7 42.3 NATURAL GAS 22.4 28.9 25% OTHERS 22% USA Unit: Million tonnes per year 60.1 27.7 USA 54.2 CANADA 5% SOUTH MEXICO AND CENTRAL Total energy 12% EU-28 SOUTH AND CENTRAL AMERICA AMERICA 3 204 Mtoe EUROPE & EURASIA Crude oil is an internationally traded commodity with trade flows MIDDLE EAST 14% MIDDLE EAST 3% JAPAN taking place all over the world. AFRICA 1% INDIA There are two open and transparent markets - crude oil and refined ASIA PACIFIC products - within which the European refining industry operates. 6% CHINA 11% RUSSIA TRADE FLOWS IN 2015 10 Statistical Report 2018 - Oil & Energy FIG.4 WORLDWIDE REFINED PRODUCT DEMAND* AVERAGED 96.5 MILLION BARRELS PER DAY IN 2016, WITH EU ACCOUNTING FOR 13% Source: BP Statistical Review of World Energy 2017 OTHER ASIA PACIFIC 13% 25% NORTH AMERICA EURASIA 1% JAPAN 4% INDIA 5% Total 7% SOUTH AND 96.5 Mbd CENTRAL AMERICA CHINA 13% 3% RUSSIA AFRICA 4% MIDDLE EAST 10% 15% EUROPE ofof which which EU: 13% and Non EU: 2% Global demand for oil demand products increased from 96.1 * Inland demand plus international aviation and marine million barrels per day in 2015 to 96.5 in 2016. Although the bunkers and refinery fuel and loss. Consumption of European market is declining, it still remains the second biogasoline (such as ethanol), biodiesel and derivatives largest in the world (15%) behind North America. China, of coal and natural gas are also included. Middle East and Africa noted a continued growth in demand for refined products. Oil & Energy - Statistical Report 2018 11 FIG.5 WORLDWIDE REFINING SUPPLY/MARKET DEMAND BALANCES IN 2017 Source: Wood Mackenzie OTHER ASIA PACIFIC 13% 25% NORTH AMERICA 1006 1078 276 149 EURASIA 1% 686 762 RUSSIA JAPAN 4% 566 568 NORTH EUROPE INDIA 5% 157 185 AMERICA 424 372 JAPAN CHINA Total 7% SOUTH AND 96.5 Mbd 114 182 MIDDLE CENTRAL AMERICA EAST CHINA 13% AFRICA 709 754 3% RUSSIA 241 330 AFRICA 4% LATIN Unit: Million tonnes per year AMERICA ASIA & OCEANIA MIDDLE EAST 10% 15% EUROPE ofof which which EU: 13% and Non EU: 2% REFINERY THROUGHPUT REFINED PETROLEUM PRODUCTS DEMAND The refining supply/market demand balance shows that Relatively balanced product demand and refinery throughput most of the regions are dependent on imports to meet in the EU hides a large surplus of EU gasoline production and market demand. Russia has a positive trade balance, which a significant shortage of diesel and jet production. provides it with a key role in supplying the demand from other regions. 12 Statistical Report 2017 - Oil & Energy FIG.6 EU TOTAL OIL DEMAND AMOUNTED TO 630 MILLION TONNES IN 2017 Source: Wood Mackenzie COUNTRY Mt/y COUNTRY Mt/y Austria 12.8 Italy 60.5 Belgium 30.1 Latvia 1.7 Bulgaria 4.2 Lithuania 2.6 Croatia 3.3 Luxembourg 2.6 Cyprus 2.4 Malta 2.4 Czech Republic 10.2 Netherlands 47.7 Denmark 7.4 Poland 27.6 Estonia 1.3 Portugal 10.9 Finland 9.5 Romania 10 France 79.3 Slovakia 4.3 Germany 117.7 Slovenia 2.5 Unit: Million tonnes per year Greece 14.5 Spain 63.0 Hungary 7.4 Sweden 14.1 Ireland 7.1 United Kingdom 71.6 EU TOTAL 630.2 Norway 9.1 EU Switzerland 10.0 NON EU Turkey 47.1 TOTAL NO + CH + TR 66.4 TOTAL 696.6 EU-28 total oil demand amounted to 630.2 Mt in 2017, Among EU Member States that recorded the biggest fall in representing a slight increase of approximatively 0.7% the oil demand were Malta (-4.1%), Luxembourg (-3.7%) and compared to 2016. Italy (-3.7%). Most EU Member States recorded an increase in oil demand. Note: Please note that due to rounding, figures may not add up. Czech Republic, Poland and Sweden with respectively 17.2%, 6.1% and 4.3%, show the biggest increase. Prices and Margins - Statistical Report 2018 13 HOW TO REDUCE CARBON EMISSIONS IN ? 14 Statistical Report 2017 - Oil & Energy Providing low-carbon liquid fuels The pathway to reduce CO2 emissions ? Oil Products - Statistical Report 2017 15 FIG.7 DEMAND HISTORY OF OIL PRODUCTS IN THE EU IN 2017 Source: Wood Mackenzie 800 37.7 700 75.5 Total Demand 2017: 630.2 600 26.1 27.4 52.8 52.6 111.5 30.9 500 44.9 79.4 54.6 400 288.7 58.3 286.4 300 Unit: Million tonnes per year 200 100 93 50 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Since 2008, we can observe a downward trend FUEL OIL NAPHTHA for oil products demand in the EU.