Germany imported 55,000 b/d (226,000 tons) of Saudi crude in April, the highest monthly figure since August 2016. Average volumes of 45,600 b/d for the first four months of 2020 are well over twice the year-ago figure of 18,100 b/d. Annual volumes peaked at 48,700 b/d in 2013.
Shipments of Saudi crude to Europe leapt in April as the kingdom exported a record 10.24mn b/d (MEES, 12 June). Spain imported a seven-year high 219,000 b/d (MEES, 12 June). (CONTINUED - 151 WORDS)
Read this article for free
Gain access to over 60-years of energy analysis and news
Delve into the details backed by data
Exclusive information from high-level officials
Assess future risks and opportunities