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.
Russia’s share of Europe’s natural gas imports has fallen sharply, from 31% in the first quarter of 2022 to nearly 19% by the end of the year, Eurostat data shows. That has made the United States the bloc’s second-biggest supplier of gas, with a nearly 20% share, behind top source Norway, which accounts for almost 31% of EU gas imports.