Europe becomes top US oil consumer

Asia’s imports fall behind for first time since 2016 Europe has become the main importer of US oil amid EU restrictions on Russian crude, Bloomberg reported on Friday citing data from the US Census Bureau. According to the report, from January to May this year, Europe imported roughly 213.1 million barrels of crude. This allowed the region to surpass Asia as the largest US oil importer for the same five-month period for the first time since 2016. Data shows that Asia received only 191.1 million barrels from the US at that time. The redirection of oil flow comes amid heavy sanctions on Russian oil introduced by the

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