European Oil Imports Surge In April ...Middle East

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European Oil Imports Surge In April
source : OILPRICE ( Middle East ) () 12
Crude oil imports into Europe surged by close to 1 million bpd last month, Bloomberg reports, citing a sharp rise in Brent crude prices. Nigeria, the United States, and Brazil were among the exporters that benefited from the price trend caused by maintenance at several large producing fields in the North Sea and a recovery, albeit weak, in oil demand on the continent. “The arbitrage to Europe has opened up, and that should encourage higher inflows particularly from the U.S. and perhaps also Nigeria whilst Indian demand remains in doubt,”…

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