Germany’s Jan-July oil exports fell 7.9%, accounting for 29.7%

Frankfurt, September 20 (Reuters) – German crude imports fell 7.9% in the first seven months of 2021, but the figure rose by a third. Towards higher prices, official data showed Monday.

Oil prices fell from 48.7 million to 44.9 million tons in the same period between January and July, according to figures from the BFA.

At the time, Germany accounted for 33.6 percent of oil revenues, followed by the United Kingdom and Norway at 19.1%, while OPEC members imported 16.0%.

The rest is shared primarily with the United States and Kazakhstan.

During this time, Germany imported 17.9 billion euros ($ 20.98 billion) in raw materials, up 29.7 percent from a year earlier.

Brent crude prices rose 43% this year, backed by OPEC and partners’ cuts, and some want to recover after last year’s COVID-19 crash.

According to Germany’s Jan-July statistics, the average price of a tonne of oil at the national border increased by. 398.65 per tonne a year earlier by 40.7%.

$ 1 = 0.8532 euros by Vera Eckert report; Correction by Provin Char

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