Friday, May 14, 2021

EU: impact of COVID-19 pandemic on EU energy supply in 2020

Since early 2020, restrictive measures have been taken to slow down the spread of COVID-19. These measures included the closure of factories, schools and restaurants, and required people to confine themselves in their homes. In late spring, many EU Member States began removing some restrictions following the first signs of recovery. By late autumn, however, the second COVID-19 wave had started and restrictive measures were again put in place. The EU’s fuel supply was adversely affected by these measures.

Inland deliveries of petroleum products

The oil industry was affected most by the pandemic and striking differences between 2020 and 2019 were evident. The most dramatic differences were seen in the deliveries of fuels for transport. In April 2020, deliveries of kerosene-type jet fuel dropped by more than 80% compared to the same month in 2019, while motor gasoline recorded a drop of nearly 50%. Gas oil and diesel oil also recorded a decrease of 20% over the same period. The reintroduction of restrictions by many Member States in autumn 2020 did not influence the deliveries of these fuels as much.

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