Key takeaways from Argus Road Fuels Conference

In November 2025 market participants gathered at the annual Argus Road Fuels Europe Conference in Munich (Germany). Listen to this podcast to discover some of the top takeaways:

• Impact of geopolitics on supply into Europe over last couple of years.
• Product supply kept tight by unplanned refinery outages, planned maintenance works and permanent closures.
• Cracks across all refined products much more volatile over the last few months and multi-year highs for road fuels in second half of 2025
• 18-month highs in November in regards to Nigerian imports of European gasoline after previous declines, despite west Africa's increased gasoline self-sufficiency.
• The EUs reconsideration of it's 2035 combustion engine vehicle phase out, making space for low carbon or more "carbon neutral" fuels to play a part alongside electrification.