Insight
Downstream oil in brief: European demand outlook for 2022
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
31 March 2023
2023 guidance: upstream companies' capital budgets and production targets
Insight
2023 guidance: upstream companies' capital budgets and production targets
Rolling company guidance tracker with 2023 investment plans and volume targets. Now includes multi-segment budgets for the largest E&Ps.
$1,35014 March 2023
Norway downstream oil long-term outlook
Commodity Market Report
Norway downstream oil long-term outlook
Norway's retail fuel market is very concentrated, and vehicle electrification is seeing road fuel demand decline.
$6,75027 February 2023
Europe gas and power markets short-term outlook Q1 2023
Commodity Market Report
Europe gas and power markets short-term outlook Q1 2023
High storage levels provide a safer start for 2023 – but prices will remain above oil parity as the balance remains tight
$5,000
