Commodity Market Report
Russian Federation product markets 2021 outlook to 2050
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2021, the Russian Federation is expected to recover a big portion of last year’s losses in both supply and demand, however refinery utilisation in the country doesn’t reach pre-pandemic levels in our forecast to 2050. With over 3 million b/d of demand, the Russian Federation represents more than 70% of the oil demand of the Russia and the Caspian region. The country had among the highest Covid-19 caseloads globally, but oil demand was not significantly reduced in 2020 as the growing petrochemicals sector compensated for some of the fall. In the longer term, Russian Federation oil demand grows from 3.3 million b/d in 2019 to 4.3 million b/d in 2050 with almost all of that growth coming from the expanding petrochemicals sector.
Table of contents
- Executive Summary
- Supply: Is it too much to handle?
- The future is light and middle distillates; government and refineries aligned to a lighter product slate
Tables and charts
This report includes the following images and tables:
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Recovery of oil demand by sectorRussia Federation Oil Demand by ProductProduct balances - all supply versus demand
What's included
This report contains:
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