Insight
Downstream oil in brief: European demand outlook for 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
European oil demand is expected to recover by just under 0.6 million b/d in 2022, increasing liquids demand to over 14.3 million b/d this year. However, this remains more than 0.7 million b/d (-5%) lower than pre-Covid levels in 2019. European retail prices continued to climb in February on the back of soaring crude prices that have reached multi-year highs. As a result, retail margins were weak for countries that were not able to pass on the cost to consumers.
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
Global oil supply short-term update - May 2025
Weakening demand outlook and OPEC+ easing of production cuts puts pressure on prices
$1,350
Insight
Europe electrification of heat demand outlook to 2050
Market-level views of the associated annual power demand arising from the growth in heat pumps in the residential and commercial sectors
$5,000
Insight
Neste - Refinery of the Future
What will Neste's mid 2030s renewable and circular transformation of their Porvoo crude oil refinery look like?
$900
