This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/573756-us-top-oil-supplier-eu/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| US replaces Russia as EU’s top oil supplier – Eurostat | US replaces Russia as EU’s top oil supplier – Eurostat |
| (35 minutes later) | |
| Crude exports to the bloc from Europe's largest country have plummeted due to Western sanctions, data shows | |
| The US has become the top oil exporter to the EU, replacing Russia, Eurostat reported on Tuesday. | The US has become the top oil exporter to the EU, replacing Russia, Eurostat reported on Tuesday. |
| Russian supplies to the region shrank from 31% in January 2022 to just 4% in December, according to the data. US exports during the same period jumped from 13% to 18%. | Russian supplies to the region shrank from 31% in January 2022 to just 4% in December, according to the data. US exports during the same period jumped from 13% to 18%. |
| EU countries slashed imports of Russian crude following the launch of Moscow’s military operation in Ukraine, causing an upheaval in the bloc’s energy supplies and on the global market. | EU countries slashed imports of Russian crude following the launch of Moscow’s military operation in Ukraine, causing an upheaval in the bloc’s energy supplies and on the global market. |
| In December, Brussels imposed an embargo on seaborne Russian crude along with a $60 price cap on oil exports as part of the sixth package of Ukraine-related sanctions imposed on Moscow. It was followed by a ban on EU imports of petroleum products originating from Russia that went into force in February. | In December, Brussels imposed an embargo on seaborne Russian crude along with a $60 price cap on oil exports as part of the sixth package of Ukraine-related sanctions imposed on Moscow. It was followed by a ban on EU imports of petroleum products originating from Russia that went into force in February. |
| Meanwhile, Russia says it has completely redirected all of its oil exports from “unfriendly states” to new markets, with supplies now destined for Asia, Africa, Latin America, and the Middle East. | Meanwhile, Russia says it has completely redirected all of its oil exports from “unfriendly states” to new markets, with supplies now destined for Asia, Africa, Latin America, and the Middle East. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |