Europe’s Oil Demand Gets a Boost as Drivers Hit the Roads Again

  • Road use in France, Spain, Poland have jumped in recent weeks
  • Recovery comes as parts of the region emerge from lockdowns

Traffic flow on the highway Sevilla Huelva.

Photographer:  Eduardo Briones/Europa Press/Getty Images

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In parts of Europe, highways are getting as busy as they were before the pandemic, offering a boost to the region’s oil demand.

Traffic on Spain’s toll roads was the closest to 2019Bloomberg Terminal levels in at least 15 months last week, according to data from operator Atlantia. It’s a similar picture in France where highway use in the early weeks of May is only marginally down on 2019 levels. In Poland, agency figures show traffic levels are now higher than two years ago.