The United States leads in oil supplies to the European Union

The United States leads in oil supplies to the European Union

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The United States by the end of 2022 took first place in the supply of oil to the European Union, while Russia reduced its share from 31% to 4%, according to Eurostat.

It is noted that from the fourth quarter of 2021 to January 2022, imports from Russia fluctuated around 40-50 million barrels. per month, which ranged from 24 to 31% of the total volume of oil imports to the EU. At the same time, the US share was 10–13%. Approximately the same volumes of oil were supplied to the EU by Kazakhstan and Norway.

After the start of the military operation of the Russian Federation in Ukraine, the situation began to change: in February and April, oil imports from Russia amounted to 33 and 30%, respectively, but in March this figure dropped to 18%. After December, when the EU imposed an embargo on Russian oil exports, deliveries from Russia fell to 4%. The United States, by contrast, increased its share by 6% (to 18%) compared to December 2021, ranking first in terms of oil exports to the EU.

Also deliveries to the European Union significantly increased Norway (plus 6% per year), Great Britain (plus 4%) and Libya (plus 2%).

Source: Rosbalt

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