US has replaced Russia as Europe's top crude oil supplier | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

The United States is now the biggest supplier of crude oil to the European Union

In December, 18% of the bloc’s crude imports came from America, EU data office Eurostat said Tuesday. That is a big turnaround. Russia was until recently the bloc’s top supplier of crude, accounting for as much as 31% of total imports until the end of January 2022, according to Eurostat. The US, meanwhile, came a distant second, with a maximum 13% share. But Moscow’s invasion of Ukraine in February last year led to an upheaval in Europe’s energy supplies.

US crude exports to Europe were rising before the war, though Russia’s invasion had increased the need to ramp up deliveries from alternative sources, said Jay Maroo, a senior analyst at data provider Vortexa. Oil independence Imports of Russian crude into the bloc were volatile between February and April last year, Eurostat said. But from September 2022, they declined gradually, until they made up just 4% of total imports in December.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The war between Russia and Ukraine and the elimination of Russian energy exports to Europe and the sale of American energy to Europe at multiple times the price. Everyone knows this dirty policy of America.

No one cashes out more from a war than the US.

There it is. Another triumph for democracy!

Lol

Ha ha, seems like the biggest winner in this Ukraine conflict is US. Earning from oil, weapon sales at the expense of EU. The biggest loser is Ukraine and EU. Didn't know European are so dumb, being taken advantage off and yet kept mum about it.

That's good. as answer to Putin. Europe without Russian energy it is possible.

Yes, the war in Ukraine in order to sell energy to Europe at a multiple price.

😉the real reason we are fighting Russia, so we can oil and natural gas for 10x the price!

Dint see how our weak president has shut down oil production for our country to make prices at the pump higher than ever which makes groceries higher than ever too

Lol so much for the “green deal”

Kkkkkk yha Europeans are smart

Oil stolen from illegal US occupation forces in Syria and Iraq been sold to the EU.

westerners you are hypocritical thieves you never had fuels

it's the biggest actor because it's performing all the time

So the Ukraine war was invented for this goal?

Gain by banditry and sanctions..🤢

Benefits from Ukraine war.

Yeah, 4x price than before!

Consuming its reserves

It's all going to plan then.

38 years of criminal lawlessness

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSİNESS

Business Business Latest News, Business Business Headlines