Insight

Brexit: Implications for downstream oil markets

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Report summary

We consider the consequences of Brexit on European refiners and oil product markets over the next two years. The impact on European oil demand is expected to be greatest in relation to transport fuels. The UK refinery sector is unlikely to experience much impact in the short term. Longer term, there could be an impact in terms of compliance with EU directives and the impact from a re-introduction of trade levies.

What's included

This report contains

  • Document

    Brexit: Implications for downstream oil markets

    PDF 259.24 KB

Table of contents

    • Impact on our economic outlook
    • Impact on oil demand
    • Impact on the refining sector

Tables and charts

This report includes 3 images and tables including:

Images

  • Impact of Brexit on price of UK road fuels
  • Impact on UK GDP and Oil Demand in 2017
  • UK and European oil demand in global context (million b/d)

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