Summary of Inter-Service Intelligence Prepared up to 4.0 P.M. on 30th December, 1941

These developments, if confirmed, mean that Italian imports and production now substantially exceed consumption. It is possible that these imports are needed to build up Italian stocks which may have been dangerously impaired by increased Libyan consumption and tanker losses in the Mediterranean. But it is unlikely that Germany would be prepared to release oil to Italy for non-military purposes at a time when the activity on the Eastern Front is still causing substantial withdrawals from stocks and the freezing of the Danube is seriously reducing her Roumanian imports.