BR100 Decreased By (-1.06%)
BR30 Decreased By (-1.09%)
KSE100 Decreased By (-0.84%)
KSE30 Decreased By (-0.93%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.11 Decreased By ▼ -0.39 (-0.68%)
BOP 33.90 Decreased By ▼ -0.13 (-0.38%)
CNERGY 9.93 Decreased By ▼ -0.03 (-0.3%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.35 Decreased By ▼ -1.35 (-2.47%)
FFL 16.53 Decreased By ▼ -0.16 (-0.96%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.81 Increased By ▲ 0.04 (0.69%)
LOTCHEM 29.14 Decreased By ▼ -0.18 (-0.61%)
MLCF 92.40 Decreased By ▼ -1.96 (-2.08%)
NBP 201.96 Decreased By ▼ -1.09 (-0.54%)
NCPL 56.83 Decreased By ▼ -0.17 (-0.3%)
NPL 67.00 Decreased By ▼ -0.70 (-1.03%)
OGDC 314.49 Decreased By ▼ -1.35 (-0.43%)
PACE 10.53 Decreased By ▼ -0.11 (-1.03%)
PAEL 42.08 Decreased By ▼ -1.12 (-2.59%)
PIBTL 16.45 Decreased By ▼ -0.29 (-1.73%)
PPL 216.25 Decreased By ▼ -3.53 (-1.61%)
PRL 50.46 Increased By ▲ 1.27 (2.58%)
PTC 69.70 Decreased By ▼ -0.83 (-1.18%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.61 Decreased By ▼ -0.18 (-2.05%)
TPL 18.35 Increased By ▲ 0.11 (0.6%)
TPLP 13.57 Increased By ▲ 0.30 (2.26%)
TREET 22.65 Decreased By ▼ -0.07 (-0.31%)
TRG 59.20 Decreased By ▼ -0.94 (-1.56%)
Markets

Germany's oil imports bill for Jan-May up 48.9pc

Published Updated

FRANKFURT: Germany spent 13.4 billion euros ($15.18 billion) on crude oil imports in the first five months of the year, up 48.9 percent on the year due to higher prices, while the volume was just 0.6 percent higher, the BAFA foreign trade office's data showed.

Russia was the top supplier, accounting for 38.8 percent of the total, up from 38.6 percent a year earlier, despite calls from the European Commission for European Union members to diversify away from Russian energy supplies.

UK and Norwegian supplies accounted for 21.6 percent of the total and 20.8 percent came from OPEC members, BAFA said in a statement on Wednesday.

Germany imported oil from 26 named countries in the first five months, and some small volumes came from five unspecified ones together.

Oil prices doubled to more than $50 a barrel in 2016 but have slipped below that level on rising OPEC exports and a stronger dollar.

 

Copyright Reuters, 2017
 

 

Comments

Comments are closed for this article.