The United States has become the continent’s top crude oil supplier, replacing Russia amid the latter’s ongoing battle with Ukraine.
According to the European Union’s statistical office, the US crude oil and natural gas imports spiked by a whopping 25% in 2018, while imports of Russian energy fell by 6.7%. This shift is largely due to the sanctions imposed by the EU on Russia in the wake of the Ukraine crisis.
As a result, the US now became the EU’s top supplier of crude oil, accounting for 29.4% of total imports, while Russia’s share has fallen to 25.5%.
Following the release of the report, CNN published a news article, suggesting that Russia has been able to reroute the “entire volume” of its exports of crude oil and oil products lost due to Western sanctions.
However, DBunk’s fact-check analysis discovered that CNN’s report is not entirely accurate.
According to the Russian Energy Ministry, Russian oil and gas production is expected to fall this year due to the lack of European buyers. The shift in the EU’s energy imports is a significant development, and one that has far-reaching implications for the global energy market.
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