Insight
Are high prices affecting oil demand?
Report summary
The global oil demand recovery, which accelerated in Q4 2021, is facing strong headwinds this year amid a combination of high fuel prices, lingering Covid-19 restrictions in China, and economic sanctions on Russia. Tightness in the global refined products markets has led to high fuel prices that are occurring in the background of record-level broad price inflation. In this insight, we address the following topics: • Effect of high prices on Wood Mackenzie’s demand outlook for 2022 and 2023 • The countries/sectors where price-led demand erosion is occurring • Our summer driving season outlook for US and Europe • The role of subsidies/tax cuts in mitigating consumer price impacts
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
22 October 2018
Global product markets weekly: weak gasoline demand weighs on refinery margins
Commodity Market Report
Global product markets weekly: weak gasoline demand weighs on refinery margins
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,05014 November 2017
How is India's Goods and Services Tax impacting oil demand?
Insight
How is India's Goods and Services Tax impacting oil demand?
Four months on, we look at how Goods and Sales Tax - a new unified taxation system - is affecting India's transport sector and oil demand.
$90013 June 2022
Global products market weekly: Middle distillate cracks support margins despite weakness elsewhere
Commodity Market Report
Global products market weekly: Middle distillate cracks support margins despite weakness elsewhere
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
