Most glaringly, demand in Germany has fallen significantly. According to Standard Chartered, demand in Germany fell by 302,000 bpd in December compared to a year earlier. That was the tenth consecutive month of an annual decline in consumption in excess of 150,000 bpd. In November, Germany seemed to be the only source of fragility. But in December, the weakness popped up in many more European countries. According to Standard Chartered, in December, year-on-year declines in consumption were reported in:
https://oilprice.com/Energy/Crude-Oil/European-Oil-Demand-Is-Shockingly-Weak.html
