Europe Now Imports More U.S. Oil Than Asia ...Middle East

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Europe Now Imports More U.S. Oil Than Asia
source : OILPRICE ( Middle East ) () 19
Europe has overtaken Asia as the biggest buyer of U.S. crude oil, importing 213.1 million barrels over the first five months of the year, while Asia imported 191.1 million barrels, Bloomberg reported, citing Census Bureau data. This is the first time in six years that Europe has been a bigger buyer of U.S. crude than Asia. The change resulted from the redirection of oil flows following Russia’s invasion of Ukraine and the sanctions that the European Union and the United States imposed on Moscow in response. However, U.S. oil might not be…

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