Author Description

During the period from 1970 to date, there have been major changes in the level and structure of the demand for oil products in Europe, and in the structure of the European refining industry. This volume presents a series of papers covering the trends in demand for petroleum products in Europe as a whole and in the individual countries considered. It also provides an econometric analysis of the determinants of this demand, the changes in the structure of the European refining industry, and in particular an analysis of the factors that determined whether individual refineries closed or remained open. Also included are studies of the interrelationships between product prices and crude prices, and between the prices of the different products, and of the effects of taxation.