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

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23 April 2021

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

Report summary

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 14 images and tables including:

  • UK gasoline demand
  • UK diesel demand
  • France gasoline demand
  • France diesel demand
  • OECD Europe jet fuel demand
  • Main products: monthly unit gross margins
  • Turkey gasoline gross retail margin
  • UK gasoline gross retail margin
  • Turkey diesel gross retail margin
  • UK diesel gross retail margin
  • NWE refining margins
  • MED refining margins
  • NWE gasoline/gas oil crack spreads
  • MED gasoline/gas oil crack spreads

What's included

This report contains:

  • Document

    Refining Margins.xls

    XLS 378.00 KB

  • Document

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

    PDF 1.20 MB