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INDUSTRY TREND

How Germany Could Cope Without Russian Oil

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AP_22078679562478-TOTALENERGIES OIL REFINERY Germany
  • Germany plans to stop all imports of Russian oil by year's end as it loosens its energy ties with Moscow over the ongoing war in Ukraine.

  • The share of Russian oil in Germany's supply has fallen from 35% to 12% since the conflict began, the German government says.

  • There are fears an embargo or supply cutoff could leave the two refineries in Germany’s east short of oil, and further raise prices at the pump.

The Issue

Topics:
Refining, Policy and Regulation, Crude Oil, Oil Products, Conflict, Sanctions
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