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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
German crude oil import volumes rose 13.5% in the first seven months of 2022 versus a year prior according to the latest BAFA data which comes out with a 2-month delay.
- Russia remained the top supplier over that time – taking 30.5% of that share.
- 23.6% of imports in the January-July period came from the British and Norwegian North Sea, while imports from OPEC members contributed 16.0%.
- Oil imports in January through July from all origins increased to 51.0 million tonnes, from 44.9 million in the same months of 2021.
- The data shows Russian flows edging lower since the invasion as Germany tries to entirely eradicate them which has proven difficult because of key German refineries dependence on the Druzhba pipeline.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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