SEARCH   
MEMBER LOGIN      
Forgot Password?

Petroleum Refining in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Petroleum Refining Market Research Report | SIC C19.201 | Nov 2016

Volatile mixture: Heavily fluctuating oil prices have affected industry revenue and margins

The Petroleum Refining market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Essar Energy plc Essar Energy plc market share
Esso Petroleum Company Limited Esso Petroleum Company Limited market share
Phillips 66 Limited Phillips 66 Limited market share
Total UK Ltd Total UK Ltd market share
Valero Energy Limited Valero Energy Limited market share
Industry Statistics & Market Size
Revenue
£23bn
Annual Growth 12-17
-15.1%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
2,950
Businesses
11
Industry Analysis & Industry Trends

Petroleum refiners have faced tough market conditions over the past five years. Most UK refineries are geared towards petrol production. Declining demand for petrol over the past five years led to an oversupply in the industry.. At the same time, crude oil prices were volatile, falling sharply throughout much of the period, which further damaged industry revenue. Some refineries closed, while others had to work hard to find markets for their excess petrol. A number of refineries are changing their production focus in favour of diesel as the new primary fuel. Diesel is more fuel efficient than petrol and is often considered to be more environmentally friendly, and these dual motivations are reshaping the industry. Industry revenue is expected to fall at a compound annual rate of 15.1%... purchase to read more

Industry Report - Industry Analysis Chapter

Petroleum refiners have faced extremely challenging market conditions over the five years through 2016-17, including oil price volatility, falling demand, declining domestic crude oil feedstock, tighter environmental standards and thinning margins. Some refineries have closed altogether and others have cut capacity. Many such challenges have been long-term trends, with refineries in the United Kingdom closing since the 1980s on account of lower petrol demand and the shift towards diesel vehicles. More recently, industry operators have struggled to find buyers for refined petroleum fuel, which has damaged profit.

Just prior to the beginning of the five-year period through 2016-17 the industry benefited from a jump in oil prices and higher demand. Mor.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Petroleum Refining Industry?

Petroleum refining is the process of turning crude oil into more usable products such as petrol. The major oil refineries manufacture petrol, diesel, jet fuel, gas oil and petroleum gas. The refining process also leads to the production of by-products such as naphtha, which can be used as a solvent. Companies in this industry also manufacture a wide range of petroleum-based products such as Vaseline, petroleum jelly, paraffin wax and white spirit.

Industry Products
PetrolDieselJet fuelGas oilFuel oilLPGBiofuels
 
Industry Activities
PetrolDieselJet fuelLiquefied petroleum gasFuel oilpetroleum-based products such as VaselineBiofuelrefinery gases such as ethane, propane and butane


View Sample
Quote
Select Clients