Insight
Diesel/gasoil weathers the Covid-19 demand storm
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The transport fuel sector has borne the brunt of the Covid-19 demand shock as mobility restrictions brought global liquids demand to historic lows. However, diesel/gasoil demand globally is staging a stronger recovery than the others, surging ahead in H2 2020 and is on track to reach 2019 levels in 2022. Diesel/gasoil’s linkage to economic growth and its use in multiple sectors is behind this swifter recovery, and economic growth will continue to drive global demand in the long-term. In this insight, we review the following topics: • How did global diesel/gasoil demand fare in 2020, and what is the road ahead for 2021/2022? • What is driving the recovery in the US, Europe, China, India, and Brazil? • What’s ahead for diesel/gasoil demand in the next four years?
Table of contents
- Diesel/gasoil demand to grow globally 1.5 million b/d in 2021 and recover to 2019 levels in Q4 2022
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Regional diesel/gasoil demand – clearing weather ahead
- US
- China
- Europe
- India
- Brazil
- What’s ahead for diesel/gasoil demand in the next four years?
Tables and charts
This report includes the following images and tables:
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Figure 1: Global transport fuel demand quarterly vs. 2019Figure 2: Global diesel/gasoil demand outlook, 2020-2025
What's included
This report contains:
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