The European refining market
This section brings together reference publications and data to put the sectoral context of the operation on Esso S.A.F. / North Atlantic Energies into perspective.
Reference publications
Neste – Q2 2026 Quarterly Report
Quarterly publication from Neste, a renewable fuels producer also active in conventional refining, illustrating the rise in European margins since 2025: its margin reached USD 25.8/bbl (+12% quarter-on-quarter), with utilisation rising from 86% to 90%.
Neste – Q1 2026 Quarterly Report
Quarterly publication from Neste providing an updated view of European refining market conditions and biofuels in the first quarter of 2026.
UFIP Énergies et Mobilités – Refining margins (May 2026)
Data published by UFIP Énergies et Mobilités on refining margins in France and Europe, providing an independent market reference on the economic performance of the refining activity.
Refining margin trends
NWE and Mediterranean refining margins – Weekly report (31 August 2026)
Weekly tracking of oil product cracks and refining margins in North-West Europe (NWE / ARA) and the Mediterranean, illustrating the recent evolution of the profitability of the refining activity.
Illustrative charts
Source: UFIP Énergies et Mobilités. Charts generated from data published in the UFIP monthly dashboard (May 2026). May 2026: partial values, calculated only on quotations available at the publication date.