Insight
Diesel/gasoil weathers the Covid-19 demand storm
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
-
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 2 images and tables including:
- Figure 1: Global transport fuel demand quarterly vs. 2019
- Figure 2: Global diesel/gasoil demand outlook, 2020-2025
What's included
This report contains:
Other reports you may be interested in
Asset Report
Juanicipio gold mine
A detailed cost competitive analysis of the Juanicipio mine.
$2,250
Commodity Market Report
LNG short-term analytics: Supply tracker
Weekly short-term LNG supply tracker by liquefaction plant
$4,000
Commodity Market Report
Global inflation outlook Q2 2024
Wood Mackenzie's proprietary inflation forecasts for selected countries.
$2,700
