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Downstream oil in brief: will European transport fuel demand recover this summer?

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The coronavirus pandemic and associated restrictions on movement have negatively impacted transport fuel demand for more than a year. The oil industry has been hoping that the upcoming summer will be the turning point for demand recovery. Although the pace of recovery will vary by country and depend on how the virus is contained. Jet fuel demand recovery is set to lag that of road fuel as there is greater uncertainty over international travel.

Table of contents

  • Different countries will have varying recovery trajectories
  • Holidaying close to home will boost the summer driving season
  • Variants and slow vaccine rollout could still hamper jet fuel demand recovery
  • Summary
  • European retail gross margins strengthen marginally in March as crude prices strengthen
  • Northwest European strengthen in March and refinery runs are set to rise in the coming months

Tables and charts

This report includes the following images and tables:

    UK gasoline demandUK diesel demandFrance gasoline demand
    France diesel demandOECD Europe jet fuel demandMain products: monthly unit gross marginsTurkey gasoline gross retail marginUK gasoline gross retail marginTurkey diesel gross retail marginUK diesel gross retail marginNWE refining marginsMED refining margins
  • 2 more item(s)...

What's included

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  • Document

    Refining Margins.xls

    XLS 378.00 KB

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    Downstream oil in brief: will European transport fuel demand recover this summer?

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