According to the report “Oil industry and trade 2021”, presented by the Polish Organization Oil Industry and Trade (POPiHN) the revival of the global demand for crude oil after the lifting of pandemic restrictions, the reduction of supply by OPEC +, disruptions in the international supply chain and geopolitical factors caused an increase in energy commodity prices in world markets, which was also observed in the biofuels sector. Economic development and increased mobility of the society meant that in 2021 the consumption of transport fuels in Poland increased by 7% compared to 2020, despite rising prices.

Last year, Poland imported 12.3 million m3 of fuels, which is almost 2.5 million m3 more than in 2020. Domestic production of liquid fuels in 2021 amounted to 27.2 million m3. An annual increase of 3% was noted, compared to the previous year’s result. The increase in supplies to the market from this source of supply amounted to almost 870 thousand m3.

Polish refineries processed 24.8 million tonnes of crude oil, 4% less than in the previous year. About 61% of the processed crude oil was REBCO crude oil. The remaining diversified supplies of crude oil to domestic refineries were increased by almost 10% and amounted to 39%. Poland exported raw materials from Saudi Arabia, Nigeria, Norway, Kazakhstan, Iraq and the USA.

“The Polish Organization of Oil Industry and Trade predicted an increase in retail prices of motor fuels for 2021, but the growth dynamics were higher than forecasted due to the larger consumption of transport fuels in the world, with a limited supply. This was also reflected in the high prices of crude oil and finished fuels on international markets. In Poland, the price growth trend was observed in wholesalers and petrol stations”, says Krzysztof Romaniuk, POPiHN’s fuel market analysis director.

Adrian Andrzejewski order