Insight
Are high prices affecting oil demand?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
Asset Report
Global exploration trends 2025
Analysis of high-level trends in global conventional exploration over 2015-2024, including spend, volumes discovered and value creation.
$11,000
Insight
Gas and LNG prices in alternative energy transition scenarios
Overview of LNG demand and prices under alternative energy transition scenarios.
$950
Insight
GPCA 2025: Feedstock economics reshape Middle East petrochemicals
Gas dominates Middle East petchems as feedstock economics reshape regional investment. Recovery expected by 2030 despite current challenges.
$900
