Europe · DEU
Germany
The Energiewende in a higher-rate world. Coal’s share of TES has fallen below nuclear’s old role; industry is still digesting 2022.
Oil production
0.0 mb/d
2.1 mb/d demand
Net oil
-2.1 mb/d
Import gap
Gas production
4 bcm
Net -74 bcm
O&G rent
0.0%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
2.0 mb/d
LNG
14 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil43%
- Gas57%
Local crude
Dated Brent
$107.0
3 January 2026 · Maduro ousted
28 February 2026 · Iran war started
Still prices about 60% of seaborne crude. The marker the Strait actually writes.
All crude tapes and bpd flowsMapped crude
Barrels per day.
This economy is not on the mapped seaborne board. The corridors that rewired in 2026 are on Flows.
Open the flow mapEconomy
Industrial power prices remain a Mittelstand tax. LNG replaced Russian pipeline molecules, not the price memory. Chemicals and metals are the sectors that move if TTF spikes again.
- GDP
- $4.9 tn
- Population
- 84.0 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 0.0% GDP
- Hydrocarbon trade
- 2.6% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -4.7 pp GDP
- Club
- Independent
Delivery
On the geopolitical timeline.
26 September 2022
Europe & RussiaNord Stream is sabotaged.
55 bcm nameplate, permanently unusable
Four explosions on Nord Stream 1 and 2. Whatever the attribution, the physical fact is that Europe’s gas now arrives as LNG or from the North Sea. Steel, once cut, is a political fact.
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 1.7 mb/d (net -1.7) versus NZE 1.0 mb/d (net -1.0).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 2.1 | 1.9 | 1.7 | 1.3 |
| Net Zero 2050 | 2.1 | 1.6 | 1.0 | 0.4 |
| Current Policies | 2.1 | 2.0 | 1.8 | 1.4 |