EU Steps Up Purchases Of U.S. Oil ...Middle East

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EU Steps Up Purchases Of U.S. Oil
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A cargo of 2 million barrels of U.S. crude oil arrived this month in Spain. It is, according to Bloomberg, the biggest U.S. oil cargo to arrive in Europe since at least 2016. But it may be only the beginning. Bloomberg reported on the arrival of the supertanker this week, noting that normally, European buyers get their U.S. oil on smaller vessels. Yet this may be about to change as the EU, which covers most of Europe, increasingly shuns Russian oil and looks for alternatives. Like LNG, U.S. oil makes the most sense from a political perspective:…

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