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
Insight
CESCO 2026 – Key Copper messages from Santiago
CESCO 2026 revealed a copper market that remains tight, but exposed to political decisions outside the traditional mining narrative.
$1,050
Insight
Could a winter crisis boost oil demand?
Ahead of winter, assessing the impact of Europe’s gas crisis on global oil demand
$1,350
Insight
Downstream oil in brief: European demand outlook for 2022
European oil demand is expected to recover by just under 0.6 million b/d in 2022.
$900
