In 2022, the US became the largest supplier of oil to the EU, displacing Russia
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Until the end of January 2022, Russia was the main source of EU crude oil imports, informs Eurostat. From the fourth quarter of 2021 to January 2022, imports from Russia ranged from 39,657 thousand barrels to 49,698 thousand barrels, representing between 24% and 31% of the total. The US was then the second largest supplier of crude oil to the EU, providing between 19,115 thousand barrels and 20,751 thousand barrels, which was between 10% and 13% of the total.
Starting from September 2022, imports from Russia gradually decreased, reaching 7,645 thousand barrels in December (4% of the total). The decrease in imports from Russia was offset by an increase in imports from other sources. In December 2022, the United States became the largest supplier of EU crude oil with 34,483 thousand barrels (18% of the total), according to Eurostat.
From February to April 2022, the situation with oil supplies was unstable, in May, imports from the Russian Federation decreased, but remained relatively stable until September 2022, the statistical office notes.
In response to the military operation, December 5, 2022 came into force embargo West on Russian oil, was also installed ceiling prices at $60 per barrel. International Energy Agency appreciated Russia’s loss in January from this was $8 billion.
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