ResearchGlobal Markets2026-11-05
EU7 Crude Import Imbalance: Germany & Italy Over-Feed Refineries, Netherlands & UK Face Stock Pressure
EU7 crude imports totaled 6,530 kb/d in Aug 2026, while refinery runs hit 6,491 kb/d — covered only by marginal inventory draw; Germany & Italy ran 141 kb/d above imports, while Netherlands & UK face compressed stock cover days. Brent +2.71% intensifies landed cost pressure.