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Strait of Gibraltar

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ResearchGlobal Markets2026-10-30

Europe’s Net Import Gap Hits 1,278 kb/d: Structural Imbalance Deepens Across DE/IT/NL/FR/ES/UK

DE/IT/NL/FR/ES/UK net crude imports totaled 4,893 kb/d in Aug 2026; domestic output was just 526 kb/d — a net import gap of 1,278 kb/d. Germany alone accounted for 1,499 kb/d (30.6% of total). UK’s net import was only 274 kb/d — lowest among six — due to 392 kb/d domestic output. Structural imbalance is lifting NW Europe landed premiums.