margins outlok 2016

Refining

European Refining Industry Sees Decent Outlook For Margins in 2016

UBS | Several oil companies shared their views on refining margins over the 3Q reporting season and CMDs over the past month and we find these often contrast with investors’ views as companies were generally reasonably positive about the outlook for margins for the next few months. Several companies (BP, Neste) highlighted that the global refining supply/demand outlook is fairly balanced for 2016.