German Jan-Oct oil imports up 11.1%, bill more than doubles
German crude oil import volumes rose 11.1% in the first 10 months of 2022 on a year-on-year basis as the economy recovered from the COVID-19 pandemic, while the bill more than doubled due to higher prices, official data showed on Friday. Russia remained the top supplier, holding a 27.2% share of Germany's oil imports in the period, monthly statistics from the BAFA foreign trade office showed. On Dec. 5 2022, the European Union banned Russian crude imports and G7 countries set a price cap on Russian seaborne exports, reducing subsequent arrivals from Russia.
Source: aol.com
