COVID-19 pandemic offers testing ground for non-fuel retail in US and Europe

In several markets, the pandemic has wiped out years' worth of fuel retail growth. Once the market stabilizes, post containment of the pandemic, both fuel and non-fuel sales will bounce back; however, the growth trajectory for both would be different. While non-fuel sales will witness a quick recovery and prolonged growth curve, fuel sales growth will be modest, and in some markets, might mark the arrival of peak fuel demand.

How will refiners' focus on retail take a divergent path in the US and Europe?

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Posted 28 October 2020 by Rajat Joshi, Research Analyst, Oil Markets, Midstream, Downstream and Chemicals, S&P Global Commodity Insights

This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.