Background Image

European Products Demand

Oil
 

European products demand in Q1 are running close to a year ago after adjusting for the impact of the very mild weather. Although preliminary data for products demand in main European countries so far this year are still showing y-on-y declines for total products.

After adjusting for the continued very mild winter weather during the first few months of this year, European products demand may have actually been running close to year-earlier levels. In Spain in particular, there were some further signs of demand strength in March, where main products sales rose by about 5% (fuel oil +17%), after slight y-on-y growth in January/February. However, the underlying trend in Europe is still on the weak side, though slowing from the 2-3% pa declines seen since 2007.   

 

Further information on FGE's Short-Term Global Oil Service can be found online by clicking on the link below.

 

Read More

 

Further Information

If you require additional information on this article, or you would like to speak with a member of our marketing team, please contact us:


FGE London

+44 (0) 20 7726 9570