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The European Oil Market

European demand and supply data is given below, including

  • Crude/NGL demand & supply through 2005
  • Refined products demand & supply through 2005
  • European refining capacity in end 2005 by country
  • Refined Oil Product sales by company in 2005

For a full country profile of each European country, click here and select the country or countries you wish to view. (Clients only)

For detailed demand/supply balances, and imports of crude and product by source, click here and select the country or countries you wish to view. (Clients only)

For a detailed and up-to-date description of oil and gas exploration and production activities by company, click here and select the country you wish to view. (Clients only)

For a detailed and up-to-date description of refining and marketing activities by company, click here and select the country or countries you wish to view. (Clients only) 


European Crude Oil Demand & Supply

000 b/d          
  2001 2002 2003 2004 2005
           
Production 6,418 6,237 5,944 5,787 5,311
Imports 12,687 12,477 12,761 13,137 13,048
Exports 5,198 4,970 4,566 4,409 3,817
Direct Use 55 81 177 156 166
Stock Changes -6 -8 59 25 -
Balancing Factor* 1,141 1,152 1,191 1,038 955
Refinery Runs 14,986 14,823 15,094 15,372 15,331

* Balancing Factor is the difference between observed and calculated values.
Source: IEA


European Refined Products Demand & Supply

000 b/d          
  2001 2002 2003 2004 2005
Refinery Output 14,707 14,791 15,096 15,376 15,282
Imports 5,020 5,062 5,122 5,454 5,861
Exports 4,304 4,444 4,739 5,165 5,494
Marine Bunkers 907 940 956 1018 1,032
Stock Changes -63 -45 38 -34 110
Balancing Factor* -1,596 -1,724 -1,544 -1,572 -1,467
Inland Demand 12,857 12,789 12,940 13,108 13,040

* Balancing Factor is the difference between observed and calculated values
Soure: IEA


European Refining Capacity - End 2005

000 b/d Distillation Thermal Cat. Cracking Hydro Reforming VisBreaking Coking
Albania 27 - - - 4 - 12
Austria 209 - 26 - 33 17 -
Belarus 493 - 44 30 92 60 -
Belgium 851 - 132 - 104 30 -
Bulgaria 115 21 23 - 4 - -
Croatia 250   51 12 49 24 5
Czech Republic 186 - 54 32 28 16 -
Denmark 174 25 - - 22 28 -
Finland 252 23 51 19 45 7 -
France 1,958 11 378 16 277 136 -
Germany 2,412 24 380 168 338 193 118
Greece 419 - 76 39 49 49 -
Hungary 161 - 24 - 30 14 17
Ireland 71 - - - 11 - -
Italy 2,303 111 310 330 263 321 45
Kazakhstan 345 - 38 - 52 52 25
Lithuania 190 - 43 - 46 29 -
Macedonia 50 - - - 11 - -
Netherlands 1,229 54 111 182 153